Major Market Slowdown Year Over Year, Plus Property Tax Chat [FACEBOOK LIVE]

Posted by Anthony Licciardello on Thursday, March 7th, 2019 at 5:30pm.

 

 

We're back after our month hiatus!! Since Anthony's health has improved enough to return to work, we're making up for lost time with January's market report rundown before returning shortly to cover the market's performance in February.

January 2019 saw a huge drop in sales over the prior year, falling to just 307 homes sold. Though the price increased a few thousand since the prior month, it is up just $10,000 over the prior year. This shows that homes are holding their value and not falling in price necessarily, but not rising like they were in prior years. The last January year-over-year comparison saw a striking $60,000 increase in average sale price.

With sales down so much and inventory also back up at 1,868, all indicators but price have slowed down and put the ball in the buyer's court more. Tune in to our live video discussion above to learn what other stats are important for early 2019. This also happens to be our highest viewed Facebook Live so far!

We're also here to share the good news about Anthony's health scare seemingly healing well. Plus, we give the T on a very sore subject for many Staten Islanders as of late: property taxes! What's up with the recent spike in this homeowner's tax, and can you do anything to contest it? Join us for a "welcome back" chat.

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