In order for your home to sell it needs to be well priced and by that I mean buyers must perceive it as the best value. Take a look at the charts showing months of inventory for Bedford Central and Katonah -Lewisboro School Districts.

Click here for full-sized graph of Katonah-Lewisboro inventory

Click here for full-sized graph of Bedford inventory

Katonah-Lewisboro had a horrible start to the year in 2009 with 49.7 months of inventory and Bedford Central was only slightly better with 29.5. With statistics like that, there had to be a compelling reason for a buyer to select a house so price was the critical component. The year finally started to rebound by June in both areas with Katonah-Lewisboro ending the year with 19.2 months of inventory and Bedford Central at 11.3.

Current important indicators so far this year are pointing to a stronger 1st quarter but as the charts reflect, it can be like riding on a roller coaster! Would you like to know what’s happening in your market area? Leave me a comment or contact me slovas@houlihanlawrence.com.

Posted By: Sonja Lovas