Staten Island Market Data for 1st Quarter

SI Market Trends
positive housing graph

We can comfortably consider the first quarter to have been a good start for residential real estate in 2017. There was certainly plenty to worry over when the year began. Aside from new national leadership in Washington, DC, and the policy shifts that can occur during such transitions, there was also the matter of continuous low housing supply, steadily rising mortgage rates and ever-increasing home prices.
Nevertheless, sales have held their own in year-over-year comparisons and should improve during the busiest months of the real estate sales cycle.

New Listings in Staten Island increased 0.4 percent to 553. Pending Sales were up 10.4 percent to 394. Inventory levels fell 32.2 percent to 1,232 units.  Read full market report…

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