Rye NY Residential Real Estate Market Statistics July 2014

Single Family Homes

Sales

There were 13 unit sales in June. This is down 62.9% from 35 in June of 2013. This is the highest unit sales have been since 14 in January, 2014. Sales/list price ratio in June moved up to 98.9% from 97.2% in May.

Prices

Median price in June was $1,955,100. This is up 49.2% from $1,310,000 in June of 2013. This is the highest median price has been since May, 2012. 3-month median price of $1,607,500 in June was very slightly up from $1,550,000 in May and up just slightly from $1,590,000 in June of 2013.

Inventory

Inventory of 116 in June was up 2.7% from 113 in May but down 19.4% from 144 in June of 2013. New listings of 32 in June were down moderately from 41 in May and down slightly from 35 in June of 2013. Months of supply of 7.2 in June was up a little from 6.3 in May but down moderately from 9 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 July, 2013.

Market Time

Days on market of 81 in June was way down from 188 in May and down considerably from 107 in June of 2013. This is the lowest days on market has been since August, 2013.

Condos

Prices

3-month median price this month is $710,000, the same as last month.

Inventory

Inventory this month is 5, the same as last month. Months of supply this month is 5, the same as last month. This is the highest months of supply has been since November, 2013.

Coops

Sales

There were 8 unit sales in June. This is up 166.7% from 3 in June of 2013. Sales/list price ratio in June moved up to 94.2% from 92.9% in May.

Prices

Median price in June was $411,500. This is up 17.6% from $350,000 in June of 2013. This is the highest median price has been since January, 2014. 3-month median price of $384,000 in June was up considerably from $307,500 in May and up slightly from $330,000 in June of 2013.

Inventory

Inventory of 19 in June was down 13.6% from 22 in May and down 48.6% from 37 in June of 2013. New listings of 3 in June were way down from 7 in May and down substantially from 6 in June of 2013. Months of supply of 5.1 in June was down considerably from 6.6 in May and way down from 16.4 in June of 2013.

Market Time

Days on market of 200 in June was up moderately from 154 in May and up considerably from 140 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