Rye Brook NY Market Report January 2016

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

Sales

Unit sales in December were 10, unchanged from the same month last year. Sales/list price ratio in December moved up to 96.2% from 96.0% in November.

Prices

Median price in December was $760,000. This is up 11.8% from $680,000 in December of 2014. 3-month median price of $698,780 in December was up slightly from $661,280 in November and up a little from $644,250 in December of 2014. Price per square foot in December was $319. This is up from $314 in November but down from $330 in December of 2014.

Inventory

Inventory of 35 in December was down 22.2% from 45 in November and down 7.9% from 38 in December of 2014. New listings of 2 in December were down substantially from 11 in November and way down from 3 in December of 2014. Months of supply of 3.4 in December was down considerably from 4.4 in November and down modestly from 4.1 in December of 2014.

Market Time

Days on market of 94 in December was up marginally from 90 in November but down considerably from 135 in December of 2014.

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