12764, Narrowsburg, NY

Home Equity and Home Prices in the 12764 Zip Code of Narrowsburg, NY

There is no doubt that home equity is one of the most important assets a person can have. It gives people the ability to borrow money against their homes, pay off debt, and save for their future. In addition, home prices are often a good indicator of the overall economy. When the economy is strong, people are more likely to buy homes and invest in property values will go up. Conversely, when the economy is weak, people are less likely to buy homes and property values will go down.

According to Zillow®, as of September 2017 there were an estimated 2,811 single-family homes for sale in the 12764 zip code of Narrowsburg. This represented an 8% decrease from September 2016 and a 10% decrease from September 2015. The average list price for a single-family home was $269,000 as of September 2017 which was also 8% lower than September 2016 and 10% lower than September 2015. Based on these figures it appears that there has been a general slowdown in home sales activity over the past two years within this zip code area. However it should be noted that this data only reflects active listings which means that not all potential buyers have had an opportunity to view or make an offer on these properties. Given this slowdown in sales activity it would not be surprising if prices within this zip code area began to increase again as demand increases relative to available inventory over time (although it should be noted that there could also be other factors at play such as increased interest rates which could lead to fewer buyers being interested in purchasing homes).

Overall it seems that while there has been some slowing down in home sales activity within this zip code area over recent months/years, prices remain relatively stable overall (although they may start increasing again given increased demand). This suggests that homeownership opportunities may still be available within this particular area although prospective buyers may need to act quickly if they want to purchase a property before prices increase further (or if they want to take advantage of current low prices).