At least that’s what economists at are projecting. Realtor.com forecasts median existing home sales prices will rise 2.9% over the coming 12 months. That would mark a substantial slowdown from the S&P CoreLogic Case-Shiller index’s latest reading of year-over-year U.S. home price growth (up 19.5% between September 2020 and the same month this year). If Realtor.com’s projection comes to fruition, it would also be the slowest 12-month rate of price growth since 2012. No, this wouldn’t be a housing correction or crash. However, slower price growth would provide buyers a bit of breathing room. Less bidding. More time to search for homes. And maybe even a chance for some buyers to finally save up for a down payment. Preview this PDF to view our 4Q real estate market report for the Suffolk County Residential Market.

-Median Price Sold in November was $519,000 vs. $450,000 November 2020 (Up 15.3%) -Number of Homes sold (closed) in November was 17,247 up from 14,600 November 2020 (Up 18.1%) -Pending Sales (Under Contract) for November are 1,510 vs. 1,539 (Down 1.9%) -There are currently 2,816 homes for sale in Suffolk County with median list price of $599,000.

Christmas is all about Family, Friends and a Cozy Home in which to enjoy them all. We at Jones Hollow Realty wish you all of the above for the holiday season!!!!!

In an age of technology where bigger is often better and instant gratification is expected, a boutique real estate firm, like The Jones Hollow Group in East Islip, stands among the best. Call Brad 646.670.8800.

Jones Hollow Realty Group is a boutique agency servicing greater Long Island. We take a much more personal approach to real estate, one that offers you the most value, flexibility, and insight into the market. Where we excel, is with personal service and exceptional marketing. On average are listings are marketed 3x more than a typical franchise broker

If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. We try to make things as easy as possible. Just click the link, fill out your address and instantly receive your FREE market analysis. If your'e serous about selling, we need to sit down, chat and do a more thorough Comparative Market Analysis (CMA). This market analysis will provide the information that will help you sell your home for the most amount of money in the least amount of time.

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