Staten Island Market Report, Feb. 2021
January listings always dip each year, but this month was much sharper than last year thanks to a major boost in sales.
For months now, Staten Island’s housing market experienced a trend of dwindling inventory. With sales also dramatically up, fierce competition from buyers has pushed the average home sale price up again to another record high for February 2021.
Staten Island’s average home sold for $629,048 in the month of January. This is up 8% from last year when the average home sale price was $583,001. Available inventory is down to just 1,614 - an astounding 20% drop since last year.
With inventory this low, buyers are limited to fewer choices when searching for their…
