Staten Island Stats for June

The June 2025 real estate update for Staten Island revealed a market that continues to confound expectations. Despite a notably low volume of transactions, prices remain elevated, highlighting a prolonged inventory crunch. Sellers who price their homes realistically are seeing swift sales, while overpriced listings linger unnoticed. One standout data point was the average days on the market dropping 14% month-over-month and 8.45% year-over-year, signaling strong buyer demand for competitively priced homes. Interestingly, the median sold price jumped from $650K in May to $718K in June, a 10.6% increase, indicating that buyers are still willing to pay a premium for desirable homes despite overall volatility.

Inventory remains a critical pressure point. The month’s supply of homes decreased 12% year-over-year and 9% month-over-month, while active listings fell nearly 7% from June 2024. Pending sales dipped 8% year-over-year, suggesting a contracting market even as the number of sold listings increased 6% annually and 17% month-over-month. Although the average sale-to-list ratio was 96.9%, showing buyers are still negotiating down from asking prices, sellers continue to raise listing prices—reflected in a 5% year-over-year rise in new average listings. However, month-over-month new listings dropped significantly by 37%, further tightening options for buyers.

The podcast emphasized that broad national trends may not reflect Staten Island’s hyper-localized conditions. While other regions like Florida and parts of Manhattan are seeing price stagnation or dips, Staten Island remains uniquely resilient. Still, the hosts caution both buyers and sellers: pricing must reflect reality, and expectations should be tempered. Sellers clinging to inflated values may find themselves sidelined, while buyers should act decisively in a low-inventory environment. Real-time market feedback—like showing activity and online views—is more telling than anecdotal pricing theories, they warn. With these stats in mind, the next few months will be crucial in determining whether the market continues upward or corrects under economic pressure.

🔟 Key Highlights:
🕒 Average Days on Market dropped to 65 days — down 14% month-over-month and 8.45% year-over-year.
🏡 Month’s Inventory decreased 12% YoY and 9% MoM — fewer options for buyers.
💰 Median Sold Price surged to $718,000 — a 10.6% MoM and 50% YoY increase.
📉 Pending Sales dropped 8% YoY — a sign of further market contraction.
📈 Sold Listings rose 6% YoY and 17% MoM — despite historically low volumes.
💸 Sale-to-List Ratio held at 96.9% — buyers are still negotiating but within range.
🚫 Active Listings down 7% YoY, but up 6% MoM — minimal relief for demand.
🔄 New Listings fell 37% MoM — tightening supply significantly.
💵 Sold Average Price increased by nearly 6% YoY and 4% MoM.
🧭 Market Commentary stressed realism in pricing and timing in buying due to volatility.

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