Maybe this is seasonal, but I’m getting inconsistent explanations from agents.
I’m tracking New York country homes listed between $464,000 and $696,000. The typical property in my sample has been visible for 17 days, yet there seems to be a sharp split between homes that move quickly and stock that lingers.
My suspicion is that insurance and property condition explain part of the gap, though financing, seller motivation and overly broad neighbourhood labels may matter just as much. The active listings alone do not show whether older stock is selling after reductions or simply being withdrawn.
For anyone watching a specific local market: what have recent completed sales looked like, when are price cuts appearing, and which condition or location issues are causing buyers to hesitate? Please mention the county or nearest town, since “New York country home” covers very different markets.
I’m tracking New York country homes listed between $464,000 and $696,000. The typical property in my sample has been visible for 17 days, yet there seems to be a sharp split between homes that move quickly and stock that lingers.
My suspicion is that insurance and property condition explain part of the gap, though financing, seller motivation and overly broad neighbourhood labels may matter just as much. The active listings alone do not show whether older stock is selling after reductions or simply being withdrawn.
For anyone watching a specific local market: what have recent completed sales looked like, when are price cuts appearing, and which condition or location issues are causing buyers to hesitate? Please mention the county or nearest town, since “New York country home” covers very different markets.