Croton-on-Hudson Real Estate Market Report March 2014

Single Family Homes

Sales

There were 4 unit sales in March. This is down 60.0% from 10 in March of 2013. Sales/list price ratio in March moved up to 94.1% from 86.8% in February.

Prices

Median price in March was $685,000. This is up 64.2% from $417,250 in March of 2013. 3-month median price of $485,250 in March was up a little from $439,000 in February and up modestly from $415,000 in March of 2013.

Inventory

Inventory of 56 in March was up 5.7% from 53 in February and up 14.3% from 49 in March of 2013. New listings of 11 in March were up moderately from 9 in February and up somewhat from 9 in March of 2013. Months of supply of 8.1 in March was up a little from 7.1 in February but down just slightly from 8.2 in March of 2013.

Market Time

Days on market of 186 in March was up somewhat from 141 in February but down a little from 198 in March of 2013. This is the highest days on market has been since May, 2013.

Condos

Prices

3-month median price in March was $549,000.

Inventory

Inventory of 10 in March was up 66.7% from 6 in February but down 16.7% from 12 in March of 2013. New listings of 5 in March were way up from 1 in February and up considerably from 3 in March of 2013. Months of supply of 7.5 in March was up substantially from 4.5 in February and way up from 5.1 in March of 2013. This is the highest months of supply has been since November, 2012.

Coops

Inventory

Inventory in March was 10, unchanged from the same month last year. New listings of 1 in March were way down from 3 in February and down substantially from 2 in March of 2013. Months of supply of 5.7 in March was down a little from 6.7 in February and down slightly from 6.4 in March of 2013.

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

914.406.9023 cell
914.332.6300 office

chris@legendsrealtygroup.net
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