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Rye Brook NY Home Sales Surge In August 2016

Sales
There were 29 Rye Brook NY single family home sales in August. This is up 81.3% from 16 in August of 2015. Sales/list price ratio in August moved up to 98.6% from 97.4% in July.
Prices
Median price in August was $920,000. This is up 13.9% from $807,500 in August of 2015. On a year-over-year basis, median price has been rising for 4 months. This is the highest median price has been since March, 2016. 3-month median price of $904,312 in August was up modestly from $789,000 in July and up slightly from $820,000 in August of 2015. Price per square foot in August was $374. This is up from $360 in July and up from $342 in August of 2015.
Inventory
Inventory of 51 in August was down 23.9% from 67 in July but up 8.5% from 47 in August of 2015. New listings in August were 8, unchanged from the same month last year. Months of supply in August was 4.8, unchanged from the same month last year.
Market Time
Days on market of 40 in August was down substantially from 137 in July and way down from 65 in August of 2015.
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