Larchmont NY Real Estate Market Report May 2016

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

larchmont ny real estate

Sales

There were 22 unit sales in April. This is up 175.0% from 8 in April of 2015. This is the highest unit sales have been since 26 in August, 2015.Sales/list price ratio in April moved up to 98.1% from 96.4% in March.

Prices

Median price in April was $1,350,179. This is down 13.3% from $1,556,500 in April of 2015. 3-month median price this month is $1,162,500, the same as last month. Price per square foot in April was $577. This is up from $483 in March but down from $585 in April of 2015.

Inventory

Inventory this month is 68, the same as last month. New listings of 41 in April were down somewhat from 55 in March and down modestly from 48 in April of 2015. Months of supply of 3.8 in April was down a little from 4.1 in March but up slightly from 3.6 in April of 2015.

Market Time Days on market of 64 in April was down moderately from 91 in March but up considerably from 29 in April of 2015.

 

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Comments (2)

Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Thanks, Chris.  I do a lot of work in Larchmont.  It is a great place to live and has a strong Chamber of Commerce.

Jun 09, 2016 10:11 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Christopher Pagli Thank you for taking the time to share this report. It's very informative for all!  Have a wonderful weekend!

Jun 09, 2016 11:19 PM

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