Found 1 blog entry tagged as January2014.

STATEN ISLAND'S REAL ESTATE MARKET REPORT FOR JANUARY

The housing market for Staten Island is improving, but it’s not stable quite yet.

Although the number of available homes on the market is still on the low end, more homeowners showed an interest in selling for the month of January. This past month, there was 1772 homes available for sale. Of the 1772 homes, only 292 actually sold in January. The total month’s inventory of 246 took 132 days to sell, meaning it would take roughly 7.2 months to clear out the inventory. 

January proved that there are enough available homes being sold but not enough buyers. For the market to gain traction, people need to continue moving rather than remodeling their current home space.

Home sales in Staten Island…

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