February Market Statistics Discussion- Stock Market Unease Didn't Hurt Buyer Confidence
Posted by Anthony Licciardello on
February's home prices are still very close to record highs in Staten Island as developers and residents alike clamor for their own piece of the pie. The average home sale price last month was $558,102, down about 1% from the January's record high.
The US stock market had a rocky performance in the month of February. While some this shake-up caused some speculation that the fall would continue, the DOW has recovered for the most part. Looking at real estate statistics, which include the average days listed on the market of just 88, buyer confidence in Staten Island did not seem to be hurt at all.
Though the market still hangs in the seller's favor, a substantial listings increase since last year gives buyers more options. February saw 510 new homes…
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Homeowners who need to sell can feel a sense of powerlessness over the entire home selling process, which manifests itself aggravation and even disgust. Some have even abandon using an agent all together and decided to place their home as for sale by owner. There are things you can do to possibly prevent your home from laying stagnant on the market, if you decide re-list your home. To avoid this fate, one needs to diagnose the reason for failure, and work with an agent who knows how to resolve them. Here are…