This post was contributed by a community member. The views expressed here are the author's own.

Health & Fitness

The Streak Continues: Real Estate Market Update

The number of home sale contracts written in February 2013 was up 35% over last February, continuing the streak of increased activity we've been seeing in the industry.

The number of home sale contracts written in February 2013 was up 35% over last February, continuing the streak of increased activity we've been seeing in the industry.

Inventory is down approximately 19% over last year, but is up slightly from January 2013. Closed sales were up about 2%, which is not huge, but appears stable. Prices rose about 3.5% on average.

I expect a significantly higher number of properties to hit the market this spring as compared to spring 2012. An interesting fact to consider: I compared the number of properties I listed from January/February 2012 to January/February 2013, and I'm up 533%! It is going to be very interesting to see how March inventory numbers settle out. As always, I am going to keep a close watch on the market for my clients, and would be happy to discuss it with you.

Find out what's happening in Bedford-Katonahwith free, real-time updates from Patch.

Most importantly, if you are thinking of selling, now is a great time to get in on the market and get ahead of a potential inventory boom. There are buyers out there, and we have had a number of listings that have gone to contract within 30 days of hitting the market.

Stay tuned to my monthly blogs to read about the direction of our local housing market. To get more information on current and future market changes, please contact me at mark@markboyland.com or 914-234-4444.

Find out what's happening in Bedford-Katonahwith free, real-time updates from Patch.

We’ve removed the ability to reply as we work to make improvements. Learn more here

The views expressed in this post are the author's own. Want to post on Patch?