Sales
There were 9 Dobbs Ferry NY single family home sales in May. This is up 28.6% from 7 in May of 2015. This is the highest unit sales have been since 10 in September, 2015. Sales/list price ratio in May moved down to 98.6% from 100.7% in April.
Prices
Median price in May was $680,000. This is down 9.2% from $749,000 in May of 2015. 3-month median price of $690,500 in May was up modestly from $649,900 in April but down a little from $725,000 in May of 2015. Price per square foot in May was $364. This is up from $319 in April but down from $372 in May of 2015.
Inventory
Inventory of 37 in May was up 15.6% from 32 in April but down 14.0% from 43 in May of 2015. New listings of 18 in May were way up from 10 in April but down modestly from 21 in May of 2015. Months of supply of 4.3 in May was up a little from 3.8 in April but down somewhat from 6.1 in May of 2015. This is the highest months of supply has been since October, 2015.
Market Time
Days on market of 75 in May was down substantially from 180 in April and down considerably from 104 in May of 2015. This is the lowest days on market has been since December, 2015.
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