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White Plains NY Real Estate Market Report May 2016

By
Real Estate Agent with William Raveis Legends Realty Group 30PA1082583
Sales
There were 14 unit sales in April. This is up 75.0% from 8 in April of 2015. This is the lowest unit sales have been since 8 in April, 2015. Sales/list price ratio in April moved up to 97.8% from 94.6% in March.

 

Prices
Median price in April was $624,250. This is up 25.5% from $497,500 in April of 2015. 3-month median price of $587,500 in April was down marginally from $589,500 in March and down considerably from $735,000 in April of 2015. Price per square foot in April was $308. This is up from $288 in March and up from $260 in April of 2015.

 

Inventory
Inventory of 81 in April was up 9.5% from 74 in March but down 14.7% from 95 in April of 2015. New listings of 36 in April were up modestly from 31 in March but way down from 57 in April of 2015. Months of supply of 3.9 in April was up a little from 3.7 in March but down moderately from 5.6 in April of 2015.

 

Market Time
Days on market of 116 in April was down slightly from 126 in March but up a little from 108 in April of 2015.
 
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