Here are Staten Island real estate market statistics as of March, 2015 which marks the end of the first quarter for 2015.Â
Year to date pending sales are up 24.5{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} from 2014 and closed sales are up 16.7{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}.
At the same time the inventory of homes for sale has decreased by 22.5{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} and the months of supply of inventory has gone from 8.6 months to 6.3 months of supply.Â
The median sales price is up 1.3{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} while the average sales price is actually down 0.4{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} indicating that the entry level priced homes are gaining while the prices of homes on the higher end are actually slipping.
With mortgage interest rates remaining low we are in a healthy real estate market at this time.
Source: SIBOR May 11, 2015
