Hamburg Real Estate Update - June 2015
Welcome to Hamburg, NY June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 3% from one year earlier, and up 21% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 53%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold decreased 6% year-over-year, and increased 38% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. I hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.