Single Family Homes
Sales
There were 14 unit sales in April. This is up 16.7% from 12 in April of 2013. This is the lowest unit sales have been since 11 in November, 2013. Sales/list price ratio in April moved down to 93.4% from 97.1% in March.
Prices
Median price in April was $610,650. This is up 20.9% from $505,000 in April of 2013. 3-month median price of $609,500 in April was up slightly from $577,500 in March and up modestly from $531,000 in April of 2013.
Inventory
Inventory of 108 in April was up 30.1% from 83 in March but down 11.5% from 122 in April of 2013. New listings of 47 in April were up modestly from 41 in March and up a little from 40 in April of 2013. Months of supply of 5.5 in April was up somewhat from 4.2 in March but down moderately from 8 in April of 2013. This is the highest months of supply has been since November, 2013.
Market Time
Days on market of 153 in April was up considerably from 125 in March but down slightly from 191 in April of 2013. This is the highest days on market has been since April, 2013.
Condos
Sales
There were 12 unit sales in April. This is down 42.9% from 21 in April of 2013. This is the highest unit sales have been since 17 in October, 2013. Sales/list price ratio in April moved up to 97.6% from 96.0% in March.
Prices
Median price in April was $637,500. This is up 38.6% from $460,000 in April of 2013. This is the highest median price has been since October, 2010. 3-month median price of $365,000 in April was up a little from $335,000 in March but down modestly from $421,250 in April of 2013.
Inventory
Inventory of 83 in April was up 5.1% from 79 in March but down 17.8% from 101 in April of 2013. New listings of 28 in April were up moderately from 23 in March but down slightly from 31 in April of 2013. Months of supply of 6.6 in April was up a little from 5.9 in March but down modestly from 7.5 in April of 2013. This is the highest months of supply has been since July, 2013.
Market Time
Days on market of 91 in April was down slightly from 109 in March and down considerably from 134 in April of 2013. This is the lowest days on market has been since October, 2013.
Coops
Sales
There were 20 unit sales in April. This is up 42.9% from 14 in April of 2013. This is the highest unit sales have been since 22 in July, 2013. Sales/list price ratio in April moved up to 95.7% from 94.3% in March.
Prices
Median price in April was $194,000. This is up 35.9% from $142,750 in April of 2013. 3-month median price of $167,500 in April was up a little from $141,250 in March and up modestly from $142,750 in April of 2013.
Inventory
Inventory of 147 in April was up 6.5% from 138 in March but down 27.9% from 204 in April of 2013. New listings in April were 42, unchanged from the same month last year. Months of supply of 9.5 in April was very slightly up from 9.3 in March but down substantially from 15.2 in April of 2013.
Market Time
Days on market of 196 in April was down somewhat from 271 in March and down considerably from 258 in April of 2013.
Multi Family Homes
Inventory
Inventory this month is 11, the same as last month. New listings of 2 in April were up substantially from 1 in March but down considerably from 5 in April of 2013. Months of supply of 18.9 in April was up slightly from 16.5 in March and up moderately from 14.8 in April of 2013. This is the highest months of supply has been since October, 2013.
Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
chris@legendsrealtygroup.net
914.332.6300 office
914.406.9023 cell
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