The most recent real estate market statistics for the month of September showed some changes in home sales for Staten Island.
The monthly sales had already started to decrease—and that was before the government had shut down.
The mortgage rates had jumped up at the beginning of September, but started to decrease throughout the month. You would think that people would take advantage of the low rates, but we actually saw a ten percent decrease in home sales, with only 291 homes being sold for the month. While this is still a good number—and almost twenty-seven percent higher than what we saw last year—it doesn’t look like we will be seeing numbers even remotely close to this in the coming months.
The average cumulative number of days that homes…