The December 2011 Market Trend in Yonkers, 10710

After a great 4th quarter in 2011 we are excited for the new year in real estate.

The Yonkers NY 10710 Area Market had a very stable year after a volatile 2009 and 2010. Pricing is generally flat and volumes are Higher but reasonable

Real estate cycles are long and I feel like we are in the middle innings. 
in 
- Yonkers NY

Current inventory in Yonkers NY 10710 area is off to a good start only 74 single family homes for sale with a 148 average day of the market and currently the average price is $515k. 27 homes went under contract/ pending before year end which was very encouraging.

65 home didn't sell in the last 6 months. Now the best news is that 60 home sold with an average of 187 day of the market, the average list price was $480k and average selling price was $454k. That's a 94.7 % list to sale price wow that's shocking because a well priced home should sell for much more. There is 7.4-monthly supply.

Market Trend Video

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The Sales Team of Rummy Dhanoa

www.RummyRealEstate.com

www.FreeNYHomeSearch.com