This is the Long Island housing market update for June 2022.

The month of May’s overall numbers and the available inventory (as of June 23rd) definitely are showing signs of the market slowing down.

Click below to listen.

Click Here To Find Out Which Zone Your Town Is In

What This Podcast Info Means To You

Home Buyers

Rates have gone up quite a bit and your purchasing power has shifted significantly in the last 60 days. What you could have afforded in a home has quickly become much more expensive.

A low inventory of homes for sale is keeping prices steady.

You can grab some tips for buying in the next 6 months to a year at $mart Real Estate Lives on Instagram. Check out last week’s episode on “How To Find Affordable Homes To Buy Now”.

Homeowners

Listen to this podcast. That’s all you have to do in order to know where you stand. The market is slowly – slowing down. If you’ve given any thought to wanting to make a move, don’t go into the process blind.

5 Ways To Save Time & Money is a free download that can help get you started. It’s completely free and let’s you know

• What projects to take on (and to avoid)
• What colors to incorporate into your inexpensive staging
• How to declutter effectively

Investors

Make sure you are working with an expert who knows how to price the After Repair Value. If you overshoot that, you could be in for a rough ride. You know your numbers for renovating, work with the right agent who understands resale value.

Having successfully sold well over 100 renovation projects for various investors all over Long Island, I welcome the opportunity to help you on your next deal.

Thanks so much for listening to the podcast. Feel free to share this information with a friend! If you’d like to leave a message for the podcast you can do so here – Long Island Housing Podcast (anchor.fm). Any questions about real estate, I’ll answer them on the podcast if you want!

Here’s the link to the Instagram Live videos where you can grab quick info and real estate tips every Tuesday at 12:30pm (subject to my schedule/availability). You can also ask me any questions you have.

If you’d like – book an appointment online with me or call/text me at (631)831-9048.

Follow me at Linktr.ee/TomMcGiveron – Thanks.