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).
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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.
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Armonk                     9.80
Bedford Village     18.02
Bedford HIlls           21.08
Pound Ridge          13.16
Chappaqua             10.11
Katonah                    10.58
South Salem            16.66
North Salem             19.92
Bedford Corners      10.07
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A low number is a stronger market while a high number is weak.
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