New Weakening in Contracts for Peconic Real Estate Market

Sales remained steady from last week to this week, with two homes sold in the Peconic market over the last 30 days. However, a confirmed downturn in the number of pending transactions continued, with one completed in the same period. As contracts trended lower, the median sales price went down as well, trending downwards for four weeks to $370,500. With a downward trend in contracts numbers and prices, and seven months of inventory still left to work through, Peconic is a solid buyer's market.

If you are curious about inexpensive homes in Peconic, start off by checking out these great listings:

$299K   $449K   $625K  

Get started right now by checking out Peconic homes for sale or reviewing Peconic real estate trends.

Demographic facts for Peconic:

  • The affordability rating here is 19. (Scale: 1 = Worst, 100 = Best)
  • This area usually gets 41.6 inches of rain each year. (U.S. average: 36.5)
  • The area's income per capita is $31,546.
  • The school rating is 80. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/13/2016

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