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Larchmont NY Real Estate Report October 2015

By
Real Estate Agent with William Raveis Legends Realty Group 30PA1082583

Sales

There were 9 unit sales in October. This is down 10.0% from 10 in October of 2014. This is the lowest unit sales have been since 8 in April, 2015. Sales/list price ratio in October moved down to 96.2% from 101.2% in September.

Prices

Median price in October was $1,285,000. This is up 26.9% from $1,012,225 in October of 2014. 3-month median price of $1,320,250 in October was down a little from $1,345,000 in September but up somewhat from $1,086,250 in October of 2014. Price per square foot in October was $446. This is up from $440 in September but down from $622 in October of 2014.

Inventory

Inventory of 64 in October was up 4.9% from 61 in September and up 36.2% from 47 in October of 2014. New listings of 26 in October were down modestly from 31 in September but up considerably from 11 in October of 2014. Months of supply of 4.1 in October was up slightly from 3.9 in September and up substantially from 2.5 in October of 2014.

Market Time

Days on market of 76 in October was very slightly up from 75 in September and up slightly from 67 in October of 2014. This is the highest days on market has been since March, 2015.

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