Categories: blogPound Ridge

Pound Ridge NY Real Estate sees inventory glut | Prices will drop 15% over the next few years

 

 

Pound Ridge NY real estate has 100 homes for sale now.  Over the past six months 22 homes have sold in the Pound Ridge market.  At that rate, 3.6 per month, Pound Ridge NY real estate for sale has a 27 month inventory.

 

For these homes to sell prices need to come down 15%.  Otherwise we need a large pick up in buyers or a lot of sellers neeed to pull their homes off the market.

 

Over-priced listings are not selling.

 

Find a well priced Pound Ridge NY home

This post was last modified on %s = human-readable time difference 11:49 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.

Recent Posts

Out of Sevice with brain injury since November.

Just back out of hospital in early March for home recovery. Therapist coming today.

2 years ago

Existing home sales down 28% | Katonah Real Estate

Sales fell 5.9% from September and 28.4% from one year ago.

2 years ago

Single-Family Housing Contraction Continues | Bedford Hills Real Estate

Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…

2 years ago

Closed Median Sale Price in Hudson Valley/NYC Markets Declined by 2.50% in October | Bedford Real Estate

OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…

2 years ago

Building Materials Prices Decline for Second Consecutive Month | Pound Ridge Real Estate

The prices of building materials decreased 0.2% in October

2 years ago

Mortgage rates drop with inflation drop | Bedford Corners Real Estate

Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.

2 years ago

This website uses cookies.