Sales
There were 6 Hastings NY single family home sales in May. This is up 50.0% from 4 in May of 2015. Sales/list price ratio in May moved down to 93.5% from 98.1% in April.
Prices
Median price in May was $605,000. This is down 19.1% from $747,750 in May of 2015. This is the lowest median price has been since April, 2015. 3-month median price of $662,500 in May was down modestly from $757,000 in April but up marginally from $641,500 in May of 2015. Price per square foot in May was $323. This is down from $353 in April and down from $410 in May of 2015.
Inventory
Inventory of 29 in May was up 31.8% from 22 in April but down 17.1% from 35 in May of 2015. New listings of 18 in May were up a little from 16 in April and up moderately from 15 in May of 2015. Months of supply of 4 in May was up somewhat from 3.1 in April but down considerably from 7.4 in May of 2015. On a year-over-year basis, months of supply has been rising for 5 months. This is the highest months of supply has been since August, 2015.
Market Time
Days on market of 170 in May was up substantially from 100 in April and way up from 51 in May of 2015. This is the highest days on market has been since April, 2014.
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