An interesting turn of events with the latest market statistics for the month of August 2013.
The amount of homes sold in the month of August actually went down from the prior month, but hold on—we’ll get to that in a minute.
First of all, the amount of homes for sale on Staten Island took a drastic leap downwards, with only 2,291 homes on the market in August. This is a decrease of over four percent from July, with an additional 110 homes being on the market in the prior month.
With such a small amount of inventory to work with, homes have been selling like hotcakes.
The average number of cumulative days for homes being on the market in August was 129, which is a decrease of over twelve percent from July. This is also a decrease of about…