Rye Real Estate Market Report March 2014

Sales

There were 1 unit sales in March. This is down 80.0% from 5 in March of 2013. Sales/list price ratio in March moved up to 97.4% from 91.3% in February.

Prices

Median price in March was $1,845,000. This is up 2.8% from $1,795,000 in March of 2013. This is the highest median price has been since May, 2013. 3-month median price of $1,725,000 in March was up a little from $1,545,000 in February and way up from $1,075,000 in March of 2013.

Inventory

Inventory of 53 in March was up 6.0% from 50 in February but down 60.4% from 134 in March of 2013. New listings of 4 in March were way down from 15 in February and down substantially from 36 in March of 2013. Months of supply of 2.8 in March was up a little from 2.6 in February but way down from 9.1 in March of 2013.

Market Time

Days on market of 27 in March was down substantially from 222 in February and down considerably from 136 in March of 2013.

Condos

Prices

3-month median price this month is $424,950, the same as last month.

Coops

Sales

There were 1 unit sales in March. This is down 80.0% from 5 in March of 2013. Sales/list price ratio in March moved down to 92.2% from 97.7% in February.

Prices

Median price in March was $530,000. This is up 94.9% from $272,000 in March of 2013. 3-month median price of $484,000 in March was way up from $324,000 in February but down a little from $525,000 in March of 2013.

Inventory

Inventory of 11 in March was up 10.0% from 10 in February but down 59.3% from 27 in March of 2013. New listings this month are 1, the same as last month. Months of supply of 3.4 in March was up somewhat from 2.8 in February but down considerably from 11.6 in March of 2013.

Market Time

Days on market of 145 in March was down moderately from 213 in February and way down from 362 in March of 2013.

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

914.406.9023 cell
914.332.6300 office

chris@legendsrealtygroup.net
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