• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

Real Estate Market Trends

Home Prices Reached a New Record High in May

Have home prices have seemed particularly high to you lately? Don't worry, you aren't imagining things. In fact, existing-home prices surged to a new record high in May, hitting a median of $264,800! As always, the culprit for these rising prices is a severe lack of inventory. If you were thinking of selling, this summer is the time to do it!

Sell in May or June for the Highest Price Premiums

It's a question that's front and center in every home seller's mind: when should I sell? As I've shown before, timing market conditions is not easy and should not be your primary concern when answering this question. However, all else being equal, there are some strong indicators that certain specific times of the year are better when it comes to selling. In fact, you might want to get your home on the market as soon as possible, because a recent study showed that May was the month with the highest average premium on home sale prices!

Don't List Your Home on a Sunday

With all of the preparation that goes into listing your home, the particular day of the week on which you list probably doesn't even cross your mind. After all, how much difference could listing on a Monday vs a Thursday possibly have on the ultimate sale price and time frame? Well, according to a new study by Redfin, the answer is actually "quite a lot". They found that homes listed on a Wednesday sell for the highest price, while homes listed on a Thursday sell the fastest.