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Real Estate Market Update
Orange County Real Estate Market Update: A Strong Seller’s Market Continues
The real estate market is experiencing a dynamic shift, with several key indicators pointing to a competitive environment—especially for buyers. Let’s take a closer look at the numbers and what they mean for both buyers and sellers.
Low Inventory Driving a Seller’s Market
One of the most telling statistics is the Months Supply of Inventory, which currently sits at just 2.84 months. This number indicates how long it would take for all active listings to sell if no new homes were added to the market. A balanced market typically has around six months of inventory, meaning anything lower than that tends to favor sellers. With inventory levels this low, demand is outpacing supply, creating a highly competitive market.
Homes Are Selling Faster
Not only is inventory low, but homes are also selling at a rapid pace. The Median Days on Market is currently 48 days, meaning homes are being snatched up quickly. This is a clear indicator that buyers are eager to purchase, and properties are not sitting idle for long.
Additionally, the 12-Month Change in Months of Inventory has dropped by 19.32%, signaling a significant decrease in available homes compared to last year. This trend suggests that the housing supply is shrinking even further, making it more challenging for buyers to find suitable properties.
Rising Prices and Competitive Offers
With inventory decreasing and demand remaining strong, home prices are on the rise. The Median Sold Price now stands at $445,000, reflecting the growing competition among buyers. Low supply and high demand naturally drive up prices, meaning sellers are seeing increased returns on their properties.
Another telling metric is the Sold-to-List Price Percentage, which currently sits at 103.1%. This means that, on average, homes are selling for more than their asking price. Bidding wars are becoming increasingly common, with multiple buyers competing for the same property, often pushing final sale prices above the original list price.
What This Means for Buyers and Sellers
For Sellers:
This is an excellent time to list your home. With limited inventory and high demand, sellers are in a strong position to receive competitive offers—often above asking price. If you’ve been considering selling, now might be the perfect opportunity to capitalize on market conditions.
For Buyers:
The current market conditions require buyers to act quickly and strategically. With homes selling fast and bidding wars becoming the norm, it’s important to be prepared:
✅ Get pre-approved for a mortgage to strengthen your offer.
✅ Work with a real estate professional who understands the market.
✅ Be ready to make competitive offers, possibly above asking price, to secure the right home.
Final Thoughts
The housing market remains hot and competitive, with sellers benefiting from low inventory and rising prices. Buyers, on the other hand, need to move fast and be prepared to compete. Whether you’re looking to buy or sell, understanding these key metrics can help you navigate the market with confidence.
If you’re thinking about making a move, reach out to a real estate professional for guidance tailored to your specific needs.
Sussex County Real Estate Market Update: High Demand, Low Inventory, and Rising Prices
The real estate market remains highly competitive, with strong demand and historically low inventory levels shaping the landscape. Buyers are facing increased pressure to act quickly, while sellers are benefiting from rising prices and fast sales. Let’s break down the key metrics that define today’s market and what they mean for buyers and sellers alike.
Inventory at Record Lows, Creating a Seller’s Market
The Months Supply of Inventory is currently at just 1.67 months, meaning that if no new homes were added, the existing supply would sell out in less than two months. A balanced market typically has about six months of inventory, so this extreme shortage strongly favors sellers. With more buyers than available homes, competition is fierce, making it challenging for buyers to find and secure properties.
Adding to the tight inventory situation, the 12-Month Change in Months of Inventory has declined by -12.57%, further restricting supply compared to last year. This indicates that homes are being bought faster than new listings can replace them, making the market even more competitive.
Homes Are Selling Faster Than Ever
Not only is inventory low, but homes are also selling at record speed. The Median Days on Market is now just 29 days, meaning that most homes go under contract in less than a month. This rapid turnover suggests that serious buyers are making swift decisions, often submitting offers shortly after listings go live.
For buyers, this means hesitation can cost them the opportunity to purchase a home. Working with a knowledgeable real estate agent and securing pre-approval for a mortgage can help ensure they’re ready to act when the right property becomes available.
Home Prices Are Strong and Continuing to Rise
Low inventory and high demand naturally lead to rising prices, and the numbers reflect this trend. The Median Sold Price now stands at $417,000, underscoring the competitive nature of the market. With limited options, buyers are often willing to pay a premium to secure a home.
Additionally, the Sold-to-List Price Percentage is 102.7%, meaning that, on average, homes are selling for above their asking price. This is a strong indicator of bidding wars, as multiple buyers compete for limited inventory, driving up final sale prices.
What This Means for Buyers and Sellers
For Sellers:
If you’ve been thinking about selling, now is an excellent time. Low inventory means less competition, and homes are selling quickly—often above asking price. This market offers strong opportunities to maximize returns on your property.
For Buyers:
Navigating this competitive market requires preparation and strategy:
✅ Get pre-approved for a mortgage to strengthen your offer.
✅ Work with an experienced real estate professional to identify opportunities quickly.
✅ Be prepared to make competitive offers—possibly above asking price—to secure a home.
Final Thoughts
The current market is highly competitive, with demand far outpacing supply. Sellers have the upper hand, while buyers need to be ready to move quickly and offer strong bids to succeed. Whether you’re buying or selling, staying informed on market trends and working with a knowledgeable agent can help you navigate this fast-moving landscape with confidence.
If you’re considering making a move, now is the time to connect with a real estate professional to strategize your next steps.
Celebrating Vanessa Wight’s Success in 2024 Q3 for BHGRE Green Team’s Goshen Office
We are thrilled to recognize Vanessa Wight for her outstanding performance during the third quarter of 2024 at Better Homes and Gardens Real Estate Green Team’s Goshen office. Vanessa’s tireless dedication, passion for real estate, and exceptional client service have continued to make her a standout agent, helping her achieve impressive results this quarter.
Putting Clients First, Always
Vanessa has built a reputation for consistently putting her clients’ needs first and crafting tailored strategies that align with their unique goals. Whether helping a first-time homebuyer navigate the process or assisting a seller in maximizing the value of their home, Vanessa goes above and beyond to ensure success.
Her clients frequently praise her approachable and attentive nature, highlighting how she makes them feel supported and informed throughout every step of their real estate journey. With Vanessa, it’s more than just a transaction—it’s about building strong, lasting relationships.
Expertise That Makes a Difference
As an experienced agent deeply embedded in the local community, Vanessa brings invaluable expertise to the table. She knows the ins and outs of the local real estate market, from the unique characteristics of each neighborhood to current pricing trends and market conditions.
Vanessa’s ability to leverage this knowledge, combined with her sharp negotiation skills, has made her a trusted advisor for buyers and sellers. Whether you’re looking for your dream home or trying to sell for top dollar, Vanessa’s insight and market expertise are indispensable.
A Role Model Within the Team
In addition to her impressive accomplishments with clients, Vanessa has become a beacon of positivity and collaboration in the Goshen office. Her enthusiasm, willingness to support her fellow agents, and natural leadership abilities contribute greatly to the office’s vibrant culture. She is always available to share her experiences, offer guidance, and provide encouragement, fostering a collaborative environment that benefits everyone.
Vanessa’s presence elevates the entire team, making her a trusted real estate professional and a valued colleague.
Success Built on Consistency
Vanessa’s success this quarter is just the latest in a series of achievements that showcase her consistency and drive. In July 2024, Vanessa celebrated her first million-dollar sales month, quickly surpassing $1 million in sales volume. Her momentum continued into August when she reached the commission Cap, demonstrating her ability to achieve outstanding results while delivering top-notch service.
Her dedication, professionalism, and commitment to excellence have helped Vanessa build a successful career rooted in trust, hard work, and client satisfaction.
A Well-Deserved Recognition
We are proud to celebrate Vanessa Wight’s continued success at BHGRE Green Team’s Goshen office. Her passion for real estate, expertise in the local market, and unwavering dedication to her clients make her an exceptional agent and a cherished member of our team.
Congratulations to Vanessa on another exceptional quarter! We are excited to see what the future holds as she continues to grow and inspire. If you’re looking for a real estate expert who will prioritize your needs and deliver incredible results, look no further than Vanessa Wight.
Congratulations to Vikki Garby: 2024 Q3 Sales Leader for BHGRE Green Team’s Warwick Office!
We are excited to announce that Vikki Garby has been named the 2024 Q3 sales leader for Better Homes and Gardens Real Estate Green Team’s Warwick office! Vikki’s commitment to her clients, passion for real estate, and tireless work ethic have helped her achieve this well-deserved honor, and we couldn’t be more thrilled to celebrate her success.
A Results-Driven Professional
Vikki’s success stems from her deep understanding of the real estate market and a results-driven approach that consistently delivers outstanding outcomes for her clients. Whether she’s working with buyers, sellers, or investors, Vikki brings a sharp focus and unwavering dedication to every transaction. Her ability to navigate the complexities of the real estate market and anticipate her client’s needs has made her a trusted and sought-after agent in the Warwick area.
Known for her proactive communication, attention to detail, and exceptional problem-solving skills, Vikki goes above and beyond to ensure that each client’s experience is smooth and successful. Her clients praise her ability to make them feel confident and informed throughout the entire process, resulting in long-lasting relationships and countless referrals.
Deep Local Knowledge Paired with Expertise
As a longtime resident and active member of the Warwick community, Vikki’s intimate knowledge of the local market is one of her greatest strengths. She is able to offer her clients invaluable insights into the area’s neighborhoods, schools, and market trends, giving them a competitive edge. Whether working with first-time homebuyers or seasoned investors, Vikki tailors her approach to meet her client’s specific goals, providing customized advice and strategies that maximize results.
Her ability to combine local expertise with a keen understanding of broader market dynamics allows Vikki to position her clients for success, no matter the challenge. Whether helping buyers find their dream home or guiding sellers in positioning their property to attract top offers, Vikki’s strategic mindset ensures exceptional results.
A Leader and Mentor
Beyond her impressive sales numbers, Vikki is a respected leader and mentor within the BHGRE Green Team. She is always eager to share her insights and support her colleagues, contributing to the collaborative and inclusive culture that defines our Warwick office. Vikki’s positive energy and willingness to help others achieve their goals have made her a valued resource and a respected figure among her peers.
Her leadership by example has not only earned her this quarter’s top spot but has also inspired those around her to reach new heights. Vikki embodies the team spirit we value at BHGRE Green Team, and her commitment to excellence helps elevate everyone she works with.
Client-First Mentality
What truly sets Vikki apart is her client-first mentality. She understands that real estate is not just about buying or selling properties—it’s about making life-changing decisions. Vikki takes pride in guiding her clients through these critical moments, offering thoughtful advice and personalized service every step of the way. Her honesty, integrity, and relentless focus on her clients’ needs have made her one of the most trusted agents in the Warwick area.
Her clients consistently highlight her dedication, noting that she listens carefully to their needs and works tirelessly to make their dreams a reality. Whether negotiating deals or navigating complex situations, Vikki’s calm and confident demeanor ensures that her clients feel supported and empowered.
Celebrating a Well-Earned Achievement
We are incredibly proud of Vikki Garby for earning the title of 2024 Q3 sales leader for our Warwick office. Her hard work, dedication, and passion for real estate are an inspiration to us all. This achievement is not just a reflection of her outstanding sales performance, but also of her commitment to excellence in everything she does.
Congratulations, Vikki! We are excited to watch your continued success as you lead with integrity, drive, and a true passion for helping others. Whether you’re looking to buy, sell, or invest, Vikki Garby is the trusted expert who can guide you through your next real estate journey.
Tom Folino Has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Tom Folino for reaching the commission cap for Company Dollar Contribution in 2024!
“I am beyond excited to announce that Tom Folino has reached the CAP for 2024! Tom is not only an exceptional realtor but also an incredible team member who continuously goes above and beyond. He’s always eager to learn and grow as well as share his knowledge and assist the other members of our team with their own success. His dedication to his clients is unmatched, and his friendly, positive presence brightens our office every day. Congratulations, Tom! This achievement reflects your hard work and unwavering commitment to excellence. We’re so proud to have you as part of our Green Team family, and we can’t wait to see what else you accomplish!”
-Dana Green
Tom’s dedication to his clients and hard work has allowed him to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Tom will now receive a 100% commission split on any deal he closes during 2024.
“I’m very thankful for the trust that my clients have placed in me to be their real estate agent, and I take that responsibility very seriously. My #1 priority is to help my clients achieve their goal of selling, buying, or renting. Without my clients, reaching the cap once again this year wouldn’t have been possible, So a big heartfelt Thank you to all of you who have placed that trust in me!
Reaching the cap is something all agents should be very proud of. In this business, it’s all about getting the job done for your clients while making the process as enjoyable and stress-free as possible for them. . When you teach the “Cap” it gives you a sense of accomplishment and is a reward for all of the hard work and commitment you have given to the process and more importantly, to your clients. I also want to thank our leadership team for giving us the tools we need to be successful in this business. The training, marketing and support that is offered definitely enhances our ability to be the Best we can be.”
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Tom!
James Cosenza Has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to James Cosenza for reaching the commission cap for Company Dollar Contribution in 2024!
“I am thrilled to announce that James ‘Jimmy’ Cosenza has reached the CAP for 2024! Jimmy has been an incredible asset to our Green Team, consistently showcasing his exceptional skills and unwavering commitment to excellence in everything he does. His dedication to providing outstanding service and ensuring client satisfaction truly sets him apart. We are so proud to have him as part of our team, and this achievement is a testament to his hard work and determination. Congratulations, Jimmy! Your success is well-deserved, and we can’t wait to see what you accomplish next!”
-Dana Green
Jimmy’s dedication to his clients and hard work has allowed him to reach the cap on his commission with BHGRE Green Team. This is an outstanding accomplishment and means Jimmy will now receive a 100% commission split on any deal he closes during 2024.
As an invaluable member of the Better Homes and Gardens Real Estate Green Team, Jimmy has consistently brought exceptional dedication, market expertise, and a true passion for helping clients achieve their real estate goals. His accomplishments in 2024 speak for themselves—he has already surpassed his 2023 sales volume, reached over $1 million in sales for April alone, and now, he’s reached the prestigious CAP milestone. His success is a true reflection of his hard work, dedication, and commitment to excellence in every transaction.
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Jimmy!
Tammy Scotto Has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Tammy Scotto for reaching the commission cap for Company Dollar Contribution in 2024!
“I am thrilled to announce that Tammy Scotto has reached the CAP for 2024! Tammy is not only an amazing member of our Green Team but also a truly fantastic realtor who brings exceptional dedication and expertise to every client she serves. Her passion for real estate and commitment to ensuring her clients achieve their dreams sets her apart, and we are incredibly fortunate to have her as part of our team. Tammy’s positive energy, professionalism, and unwavering drive make her a shining example of what it means to go above and beyond. Congratulations, Tammy! Your success is well-deserved, and we can’t wait to see how you continue to excel and inspire those around you.”
-Dana Green
Tammy’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Tammy will now receive a 100% commission split on any deal she closes during 2024.
“I’m incredibly thankful to all my clients in 2024 for helping me reach the cap once again! This accomplishment reflects the trust and loyalty of those I’ve had the pleasure to work with. I’m eager to continue serving my community and delivering exceptional results for all my buyers and sellers—past, present, and future. None of this would be possible without your support. Here’s to an amazing 2025!”
– Tammy Scotto
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Tammy!
Kathy Eubanks has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Kathleen “Kathy” Eubanks for reaching the commission cap for Company Dollar Contribution in 2024!
“I am thrilled to announce that Kathy Eubanks has reached the CAP for 2024! Kathy is a stellar agent who consistently goes above and beyond for her clients, making their dreams a reality. Her success is truly inspiring and a reflection of her relentless dedication and passion for her work. Kathy’s commitment to excellence shines through in everything she does, and we are incredibly proud to have her as part of our Green Team family. Congratulations, Kathy! We can’t wait to see what more you will achieve.”
-Dana Green
Kathy’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Kathy will now receive a 100% commission split on any deal she closes during 2024.
“I have had a successful year in real estate so far, and owe it to my loyal clients. We have spent much time together and have definitely gotten to know each other well !! Thank you to everyone for putting their trust in me.”
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Kathy!
Krissy Many has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Krissy Many for reaching the commission cap for Company Dollar Contribution in 2024!
“I am thrilled to announce that Krissy Many has reached the CAP for 2024, an extraordinary achievement that speaks volumes about her dedication and talent. Krissy wears many hats as our SPECTACULAR broker manager and a mentor to so many of our agents, and she does it all with grace and excellence. Even with these significant responsibilities, Krissy consistently goes above and beyond to help her clients realize their real estate dreams. Congratulations, Krissy! We are incredibly proud to have you as a key member of our Green Team family, and we look forward to celebrating even more of your continued success!”
-Dana Green
Krissy’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Krissy will now receive a 100% commission split on any deal she closes during 2024.
“Reaching this milestone would not have been possible without the trust and confidence of my clients, the collaboration of my colleagues, and the support of my family. Thank you! I am more motivated than ever to continue delivering outstanding service and helping my clients achieve their real estate goals.”
– Krissy Many
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Krissy Many!
Congratulations to our 2024 2nd Quarter Warwick NY Sales Leader, Tom Folino!
In real estate, achieving excellence requires a unique blend of talent, perseverance, and an unwavering commitment to clients’ needs. In the Warwick office of Better Homes and Gardens Real Estate Green Team, one name stands out as a shining star in the industry – Tom Folino. With an exemplary performance in the second quarter of 2024, Tom has distinguished himself as the top sales agent, leaving an indelible mark on the New York real estate landscape.
Tom Folino: The Top Sales Agent of the Warwick Office
Regarding sales prowess, Tom Folino has consistently demonstrated his exceptional skills as a real estate professional. In the highly competitive 2nd quarter of 2024, his dedication to the craft and unwavering focus on customer satisfaction propelled him to the top among his peers. Tom’s ability to connect with clients on a personal level and deliver results that exceed expectations has solidified his reputation as a real estate agent par excellence.
Excellence in Sales Performance
As of the second quarter of 2024, Tom Folino’s sales achievements have been outstanding. His impressive sales numbers are a testament to his in-depth market knowledge, keen understanding of client needs, and innate ability to match buyers with their dream properties. Tom’s exceptional performance has not only bolstered the success of the Warwick office but has also set new benchmarks for excellence in the New York real estate market.
Sales Volume that Speaks Volumes
Tom Folino’s commitment to excellence is further reflected in his remarkable sales volume for 2024. In the 2nd quarter alone, Tom has accumulated an impressive sales volume of $3,833,000, placing him at the forefront of the industry. This remarkable achievement underscores his dedication to delivering exceptional results for his clients and highlights his position as a top-performing agent in the region.
A Trusted Advisor
Beyond just numbers and figures, Tom Folino’s success can be attributed to his reputation as a trusted advisor to his clients. Whether it’s guiding first-time homebuyers through the intricacies of the buying process or assisting seasoned investors in finding lucrative opportunities, Tom’s expertise is matched only by his dedication to delivering personalized service to each individual he serves.
A-Pillar of the Community
Tom Folino’s impact extends far beyond real estate transactions. As an active member of the community, he has earned the trust and admiration of residents in Warwick and its surrounding areas. His involvement in local events and charitable initiatives showcases his commitment to giving back and contributing to the betterment of the community he serves.
Tom’s remarkable success as the top sales agent in the Warwick office of Better Homes and Gardens Real Estate Green Team in the second quarter of 2024 is a testament to his exceptional talents and unwavering dedication. Tom has earned a well-deserved reputation as an exemplary real estate professional through his outstanding sales performance, personalized service, and commitment to community engagement.
As he continues to make strides in the New York real estate market, Tom’s influence as a top-performing agent will surely grow, attracting more clients seeking the best. Congratulations to Tom Folino on his exceptional achievements, and may his future endeavors be even more prosperous and rewarding. Our team is undoubtedly proud to have Tom as a valuable team member, and his success inspires all aspiring real estate professionals in the industry.
Vikki Garby has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Vikki Garby for reaching the commission cap for Company Dollar Contribution in 2024!
“If you were to ask any of Vikki’s clients, they would undoubtedly say she is a pleasure to work with and one of the most professional agents they’ve ever encountered. Her calm and composed demeanor, coupled with her keen intellect, makes her an exceptional partner for anyone embarking on their real estate journey. Congratulations, Vikki! We are very proud to have you as part of our Agency.”
-Dana Green
Vikki’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Vikki will now receive a 100% commission split on any deal she closes during 2024.
“There are two groups of people to whom I am most grateful for my success as a real estate agent: my clients and our support team at BHGRE Green Team.I am so appreciative for the trust and confidence that my clients have in me. Buying and selling real estate is not for the faint of heart. It can be a very emotional and overwhelming process whether it is your personal home or a commercial investment. For my clients to trust me to help them navigate this journey is such a humbling compliment. Furthermore, I am grateful to all of the referrals I receive from friends, family and clients as a referral is the biggest vote of confidence we as agents can receive.Secondly, my job is enjoyable because I truly love and respect every single team member at BHGRE Green Team. Our admin staff is second to none and I couldn’t do my job as well without the support of our team. They don’t often benefit from the glory but they grind all day and all week to help all of our agents be successful. Thank you, HQ Team! You know who you are.”
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Vikki Garby!
