Available inventory is a strong indicator of how the market shifts from a Buyer's to Seller's market. Throughout the fourth quarter of 2019 and continuing into the first quarter of 2020 inventory is falling across the island and we are firmly set in a sellers market, when looking at single family homes under $1,000,000. Coupled with historically low mortgage rates and financing readily available, buyers are, as we say, "in-market", which means they are ready to purchase.
At MRT we monitor inventory in every neighborhood, town, village and hamlet to uncover opportunities. Whether you're buying, selling, renting or investing having this information available allows you to determine the right time to enter the market or make an offer.
We also use historical data and comparative sales to keep our team informed. Having a team of hyper-local agents ensures that you receive expert guidance and consultation across Brooklyn, Queens, and Long Island.
Has anyone taken the time to provide you a consultation? Send us a quick note and we'll set up a meeting.
PS. An interesting outcome of working with sellers who are purchasing outside of our market, and a benefit of being a Century 21 company, is that we have access to inventory and data for anywhere across the country. Let us know if you need any information. We love to learn about your unique experience and provide as much relevant information as you need.
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