There were fewer homes for sale in June than there were a year ago, increasing competition for potential buyers this home shopping season. Most of these declines were among the lowest-valued homes sought by first-time homebuyers, according to the first quarter Zillow Real Estate Market Reports. In the lowest-priced third of homes for sale, the inventory homes on the market … [Read more...] about Inventory down again, offering home shoppers little relief
real estate market news
Pending home sales maintain momentum in May
Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors. Gains in the Northeast and West were offset by small decreases in the Midwest and South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 0.9 percent to 112.6 in May from a slight … [Read more...] about Pending home sales maintain momentum in May
North Fork median home prices jump in first quarter of 2015
The North Fork real estate market showed strong signs of recovery in the first quarter of the year, according to home sales figures released by Suffolk Research Service. The number of home sales jumped 21.5 percent in Riverhead Town and 11.5 percent in Southold during the first three months of 2015, compared to the same period in 2014. The median price of a single-family … [Read more...] about North Fork median home prices jump in first quarter of 2015