Smithtown Area Monthly Market Update
Understanding current market conditions is critical when considering buying or selling real estate. Let The Haydon Team help you make educated decisions. Take a look at our monthly market updates, sign up to receive the latest listings, price changes, and sold homes directly in your inbox, or schedule a call to speak with us directly. We're here to help.
Demand is still outpacing what is available for sale in many markets. Prices moved higher as the Median Sales Price was up 9.8% percent to $538,345 since last year. Average List Price increased 3.0 percent to $579,495. Consumer spending on home goods and renovations are up, and more people are entering the workforce. With a growing economy, solid lending practices and the potential for improved inventory from new listing and building activity, a strong but more balanced market is more likely.
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