November saw the Dow Jones Industrial Average top 30,000 for the first time,
while mortgage rates reached new record lows again. These new records have
provided encouragement for buyers to move forward on home purchases,
which continued to remain strong overall for the month.
New Listings in Staten Island increased 4.9 percent to 453. Pending Sales were
up 44.5 percent to 435. Inventory levels fell 22.8 percent to 1,900 units.
Prices continued to gain traction. The Median Sales Price increased 3.6 percent
to $580,000. Days on Market was up 4.5 percent to 101 days. Sellers were
encouraged as Months Supply of Inventory was down 27.4 percent to 5.2
months.
Showing activity remains higher than the same period a year ago across most
of the country, suggesting that strong buyer demand is likely to continue into
what is typically the slowest time of year. With inventory remaining constrained
in most market segments, sellers continue to benefit from the tight market
conditions.
| Quick Facts | ||
| + 38.6% | +3.6% | - 22.8% |
| One-Year Change in Closed Sales | One-Year Change in Median Sales Price | One-Year Change in Inventory |
| Click here for full report about the entire Staten Island housing market. | ||
Click links below for detailed housing information on the different geographic areas of Staten Island:
East Shore – Includes data from Arrochar, Grasmere, Old Town, South Beach, Dongan Hills, Dongan Hills below Hylan, Grant City and Midland Beach
Gateway – Includes data from New Dorp, Oakwood, Oakwood Beach, Oakwood Heights, Bay Terrace, Great Kills and Eltingville
Greater St. George – Includes data from Ft. Wadsworth, Concord, Shore Acres, Rosebank, Clifton, Stapleton, Thomkinsville, St. George, Ward Hill, Park Hill and Grymes Hill
Heartland – Includes data from Willowbrook, Manor Heights, Bulls Head, New Springville , Heartland Village, Travis and LaTourette.
North Shore– Includes data from New Brighton, Snug Harbor, Livingston, Randall Manor, West Brighton, Port Richmond, Mariners Harbor, Graniteville, Arlington, Bloomfield and Elm Park
South Shore – Includes data from Annandale, South East Annandale, Arden Heights, Rossville, Woodrow, Huguenot, Princess Bay, Pleasant Plains, Charleston, Richmond Valley and Tottenville
The Hills– Includes data from Emerson Hill, Todt Hill, Lower Todt Hill, Light House Hill, Richmondtown, High Rock, Dongan Hills Colony and Emerson Hill
The Lakes – Includes data from Westerleigh, Sunset Hill, Sunnyside