Larchmont Single Family Home Sales Pick Up April 2015

There were 18 unit sales in March. This is up 100.0% from 9 in March of 2014. This is the highest unit sales have been since 32 in August, 2014. Sales/list price ratio in March moved up to 101.7% from 95.5% in February. 

Median price in March was $1,282,550. This is down 19.8% from $1,600,000 in March of 2014. 3-month median price of $1,293,750 in March was up modestly from $1,115,000 in February and up a little from $1,195,000 in March of 2014. Price per square foot in March was $598. This is up from $494 in February and up from $457 in March of 2014. 

Inventory of 44 in March was up 25.7% from 35 in February but down 31.3% from 64 in March of 2014. New listings of 36 in March were way up from 24 in February but down moderately from 52 in March of 2014. Months of supply of 2.5 in March was up a little from 2.1 in February but down somewhat from 3.3 in March of 2014. This is the highest months of supply has been since October, 2014. 

Days on market of 77 in March was down substantially from 126 in February and down considerably from 177 in March of 2014.