How’s the Market in Columbia County, NY? February Recap

Only 17 days till Spring!  Hopefully this weekend’s snowstorm is the last of this weird winter season.  Let’s take a look back at February with a quick end-of-the-month recap! 

Here's what’s happening in the market right here in Columbia County, NY

February stats 

• New Listings added =34

• New Pending = 35

• Homes Sold in Feb = 24

• Median Sales price in Jan = 407K

• Days on market = 113

• Homes sold within in the first 30 days on market sold at 102.89% to list price 

For every new listing that came on the market in February, one went under contract.  

• Current Inventory = 172 homes for sale 

• Median listing price of active listings = $599,450

Sellers:

Inventory is still very low.  If you need or want to sell in 2023, there’s no need to wait to list.  Interest rates are on the rise again, which will impact the pool of buyers for your home.  Homes well prepared, priced right, properly marketed are still selling at or over asking within the first 30 days on the market.

If you are curious about how much your home may be worth, DM me for a personalized market report.  You can also sign up for my FREE Seller Seminar on Saturday, March 18th at 10am in Chatham.

Buyers:

Interest rates are climbing again and are projected to continue upwards for the next several months. So if you are financing, waiting to buy could end up costing you more. Deals can be found in listings that have been sitting on the market for more than 30 days. Make sure you are pre-qualified, clear on your budget and your non-negotiables, so you are ready when the right property comes to market.

If becoming a homeowner is one of your goals in 2023, sign up for my FREE Homebuyer Seminar on Wednesday, March 8th at 7pm on Zoom.

Winter, spring, summer, or fall, I’m here to help you achieve your real estate goals. Let’s connect.