Dobbs Ferry NY Real Estate Market Report January 2016

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

Sales

There were 9 unit sales in December. This is up 80.0% from 5 in December of 2014. Sales/list price ratio in December moved down to 97.4% from 97.7% in November.

Prices

Median price in December was $598,000. This is up 4.5% from $572,000 in December of 2014. This is the lowest median price has been since March, 2015. 3-month median price of $625,000 in December was down just slightly from $631,750 in November but up slightly from $572,000 in December of 2014. Price per square foot in December was $346. This is up from $316 in November and up from $275 in December of 2014.

Inventory

Inventory of 32 in December was down 8.6% from 35 in November but up 10.3% from 29 in December of 2014. New listings of 7 in December were down considerably from 9 in November but up substantially from 5 in December of 2014. Months of supply of 3.5 in December was down slightly from 4 in November and down considerably from 4.5 in December of 2014.

Market Time

Days on market this month is 71, the same as last month.

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