Croton-on-Hudson Real Estate Market Statistics July 2014

Single Family Homes

Sales

There were 10 unit sales in June. This is up 25.0% from 8 in June of 2013. On a year-over-year basis, unit sales have been rising for 4 months. This is the highest unit sales have been since 14 in August, 2013. Sales/list price ratio in June moved down to 94.6% from 97.6% in May.

Prices

Median price in June was $560,000. This is up 21.6% from $460,500 in June of 2013. 3-month median price of $534,500 in June was up marginally from $527,500 in May and up considerably from $417,500 in June of 2013.

Inventory

Inventory of 77 in June was up 5.5% from 73 in May but down 1.3% from 78 in June of 2013. New listings of 21 in June were down a little from 25 in May but up modestly from 20 in June of 2013. Months of supply of 11 in June was up marginally from 10.7 in May but down a little from 12.2 in June of 2013. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since June, 2013.

Market Time

Days on market of 91 in June was down just slightly from 95 in May and down slightly from 98 in June of 2013. This is the lowest days on market has been since December, 2013.

Condos

Sales

Unit sales in June were 2. Sales/list price ratio in June was 96.6%.

Prices

Median price in June was $545,000. 3-month median price in June was $540,000.

Inventory

Inventory of 16 in June was up 33.3% from 12 in May and up 14.3% from 14 in June of 2013. New listings of 6 in June were down considerably from 8 in May but way up from 1 in June of 2013. Months of supply of 17.5 in June was up modestly from 16 in May and up considerably from 12.9 in June of 2013. This is the highest months of supply has been since November, 2012.

Market Time

Days on market in June was 129.

Coops

Sales

There were 3 unit sales in June. This is up 200.0% from 1 in June of 2013. Sales/list price ratio in June moved up to 95.8% from 84.0% in May.

Prices

Median price in June was $110,000. This is up 57.1% from $70,000 in June of 2013. 3-month median price of $76,000 in June was up marginally from $75,500 in May and up modestly from $70,000 in June of 2013.

Inventory

Inventory of 9 in June was down 30.8% from 13 in May and down 40.0% from 15 in June of 2013. New listings of 2 in June were up substantially from 1 in May and up considerably from 1 in June of 2013. Months of supply of 8.3 in June was way down from 14.2 in May and down substantially from 20 in June of 2013. This is the lowest months of supply has been since January, 2014.

Market Time

Days on market of 84 in June was up considerably from 45 in May but way down from 516 in June of 2013.

Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.406.9023

chris@legendsrealtygroup.net