Typically the first month of the year begins to tell the story for how the real estate market in Astoria will act for the coming year. Buyers tend to be less active during the latter part of the year and especially over the holidays (however, the buyers that are active during this time tend to be very serious) and start to emerge shortly after the 1st.
So far it looks like we won’t be seeing any drastic changes in the Astoria housing market, hopefully a little increase in demand and some of the excess inventory will be absorbed. It’s premature to speculate just how the inventory will look come late spring or early summer at this point, as the chart shows below the number of homes on the market starts at the lowest point in January and swells gradually until peaking during the summer months before returning to lower levels at the end of the year. [Read more...]
As I was researching and compiling data for the