Here are Staten Island real estate market statistics as of March, 2015 which marks the end of the first quarter for 2015.
Year to date pending sales are up 24.5% from 2014 and closed sales are up 16.7%.
At the same time the inventory of homes for sale has decreased by 22.5% and the months of supply of inventory has gone from 8.6 months to 6.3 months of supply.
The median sales price is up 1.3% while the average sales price is actually down 0.4% indicating that the entry level priced homes are gaining while the prices of homes on the higher end are actually slipping.
With mortgage interest rates remaining low we are in a healthy real estate market at this time.
Source: SIBOR May 11, 2015