Larchmont NY Single Family Home Sales May 2015

There were 8 unit sales in April. This is down 11.1% from 9 in April of 2014. Sales/list price ratio in April moved up to 101.8% from 101.7% in March. 

Median price in April was $1,556,500. This is up 56.4% from $995,249 in April of 2014. This is the highest median price has been since March, 2014. 3-month median price of $1,505,000 in April was up slightly from $1,293,750 in March and up moderately from $1,189,750 in April of 2014. Price per square foot in April was $585. This is down from $598 in March but up from $441 in April of 2014. 

Inventory of 65 in April was up 47.7% from 44 in March but down 9.7% from 72 in April of 2014. New listings of 47 in April were up considerably from 36 in March and up somewhat from 39 in April of 2014. Months of supply of 3.7 in April was up substantially from 2.5 in March but down a little from 3.8 in April of 2014. 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, 2014. 

Days on market of 29 in April was way down from 77 in March and down substantially from 140 in April of 2014.