Skip to main content
#
Website Demo
Ardolino Banner
Long Island North Shore Real Estate - Homes For Sale | New York Realtors - Agents
Search Long Island North Shore Properties
Stony Brook, Setauket, South Setauket, Old Field & Port Jefferson Featured Listings
Stony Brook Real Estate - Homes For Sale | Long Island, New York Realtor
Setauket Real Estate - Homes For Sale | Long Island, New York Realtor
Old Field & Poquott Real Estate - Homes For Sale | Long Island, New York Realtor
South Setauket Real Estate - Homes For Sale | Long Island, New York Realtor
Port Jefferson Real Estate - Homes For Sale | Long Island, New York Realtor
Port Jefferson Station
Smithtown
St. James
Miller Place
Mount Sinai
Local School Info
Buying Stony Brook, Setauket, South Setauket, Old Field & Port Jefferson Real Estate
Selling Stony Brook, Setauket, South Setauket, Old Field & Port Jefferson Real Estate
Team Ardolino, Realty Connect USA North Shore, NY Realtor
Testimonials
Contact Team Ardolino, Realty Connect USA
Sponsored Events
SummerEvents

Zillow Testimonials
526115
' I was a seller. Michael connected with me. He connects with people, period. . He gave me realistic listing prices, understood my time-line and ... more '
5.0/5.0
by wisteria1
511564
' My experience with Michael Ardolino, and his team, in specific, Lisa Godt, was what it should be for every home buyer. From the first telephone call, ... more '
5.0/5.0
by user9807108
510572
' Selling my parents home that had history all the way back from my grandparents since 1968. It was everyones home at one time or another. However, as ... more '
5.0/5.0
by user12050833

Real Estate Blog
Real Estate Blog
Sunday, June 02 2013

Soaring Stats Continue to Impress
By Michael Ardolino, Broker-Owner, Realty Connect USA
Early June 2013

 

The good news we have been reporting all year just keeps on coming, as our local market continues to heat up.

· The latest MLS figures for Suffolk County, comparing April 2013 to April 2012, are the most impressive stats we have seen in years.  The median price of homes in contract was up by 4.9%. The number of sales sprinted up by 18.7%.  Pending sales sky-rocketed by 24.4%.

· In the Three Village School District, sales volume is soaring.  In April, the number of sales was up by 12.7% over April of last year.

· In our immediate area, there was a 5.6-month supply of inventory in April, which represents a healthy, balanced market.  The progress is stunning.  In April of 2011, inventory stood at 10.3 months.

Foreclosures remain a challenge, due to judicial procedures employed by New York State that result in lengthy processing times.  As recently reported in Newsday, Long Island home prices are rising more slowly than the US average of roughly 10%, due primarily to this issue.  Newsday went on to note that Core-Logic recently reported a 3.2% increase in the Nassau-Suffolk home price indexPerhaps slow and steady can win the race.

There is renewed optimism on the part of sellers.  There are zealous buyers ready to act. Consumer confidence is up, unemployment is down, and, for now at least, mortgage rates remain low.  If you are ready to buy or sell, this is a very opportune time to do so.  Contact me at 631-941-6262 or Michael@Ardolino.com.

 

Posted by: Michael Ardolino AT 03:29 pm   |  Permalink   |  0 Comments  |  Email
Comments:

Post comment
Name
 *
Email Address

Message
(max 750 characters)
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

 

Michael Ardolino
Team Ardolino/Realty Connect USA
764 Route 25A
Setauket, NY 11733
Office: 631-941-4300
Direct: 631-941-6262
Fax: 631-675-1857
Email:
Michael@Ardolino.com 

Real Estate Website Design &
Real Estate Marketing Services Provided by: 

Pro Step Marketing

Site Map

Terms of Service/Copyright Policy
Copyright© Michael Ardolino, REALTOR®, All Rights Reserved.

Site Powered By
    prostepmarketing.com
    Online web site design