Categories: blogChappaqua

Chappaqua NY real estate sees a lot of inventory | Prices need to come down

Chappaqua NY real estate has 140 homes on the market currently.  Over the last six months 38 homes have sold.  At that rate there is an unsold inventory of 22.11 months.

 

Currently Chappaqua has a large over supply of homes for sale.  Prices will be coming down another 10-15% over the next few years as they try to work off this huge supply.

 

There does not seem to be any sign of a big increase in buyers over the near term.  If a lot of homes come off the market supply will drop but at the current level prices need to come down significantly.

 

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This post was last modified on %s = human-readable time difference 11:50 am

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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