6/10/2024
Young Jin’s Monday Market update for Slingerlands, NY May 2024:
(Market stats provided by Curtesy of Realtors Property Resource, LLC)
Wondering how the real estate market did in May 2024? May 2024 reports have
arrived! Here’s the latest May 2024 market stats on Slingerlands NY! Real
estate market is a local event and it’s a very complicated event to say the
least! It all depends on what is going on in the region in terms of the job
market and demographics etc.… Here’s a quick market snapshot on Slingerlands
NY! The absorption rate came in at 1.12, which indicates that it takes just
over 4 weeks to sell all homes on the market! A normal balanced market would be
at 5 to 6 months. List to sold price ratio came in at 99.3%, which indicates
that most homes sold slightly below the list price. Median days fell to 15 days, a
decrease of almost 60% month over month! Median sold price increased to $655,000,
an increase of 3.97% month over month. In summary, once again the real estate
market stats show that we are in a very strong seller’s market! What does this
mean to you? Excellent time to be a seller, for sure! Please reach out to me if
you want to know more about your options as a seller or buyer. Thank you so
much for reading my post!
#sinkoffrealtygroup #koreanrealtor
#realestate
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