There are a lot of homes on the market currently in the Bedford NY area. The National Association of Realtors (NAR) considers six (6) months of available homes to be equilibrium (a balance between buyers and sellers).
The numbers below are the available homes divided by the average homes sold per month (absorption rate) .The towns in our area currently rank as follows. It will take this many months to sell off the inventory at the current sales pace.
Bedford Village 18.02
Bedford HIlls 21.08
Pound Ridge 13.16
South Salem 16.66
North Salem 19.92
Bedford Corners 10.07
A low number is a stronger market while a high number is weak.