Casandra Properties, Inc
John Caufield, Casandra Properties, IncPhone: (646) 300-1674
Email: [email protected]

Staten Island September Real Estate Numbers

by John Caufield 10/05/2020

 

 

332 Homes were sold in September  - only 10 more than last year.  Year over year, the number of houses sold in Staten Island has gone down by 21.2%.  With a little over 2,100 homes on the market, the absorption rate has climbed to 8 months.  This means we have 8 months of houses as inventory to sell. During the month, we saw the median list price settle in at $639K while the medial sales prices stayed firm (all year) at $560K.   The median sale price has gone up about $10K from last year.  This increase equates to about a 2% jump in sales price over last year.   Depending on the coming months, should our inventory of unsold houses continue to go up, we may see an erosion of that medial sales price.  As always, if you have any questions about the market here in Staten Island, please reach out to me at [email protected]

About the Author
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John Caufield

Hi, I'm John Caufield and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.