White Plains NY Real Estate Market Report June 2016

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

Sales

There were 22 White Plains NY single family home sales in May. This is up 10.0% from 20 in May of 2015. This is the highest unit sales have been since 34 in August, 2015. Sales/list price ratio in May moved up to 100.3% from 97.8% in April.

Prices

Median price in May was $550,500. This is down 5.9% from $585,000 in May of 2015. This is the lowest median price has been since November, 2015. 3-month median price of $565,000 in May was down marginally from $587,500 in April but very slightly up from $555,000 in May of 2015. Price per square foot in May was $289. This is down from $308 in April and down from $313 in May of 2015.

Inventory

Inventory of 87 in May was up 8.8% from 80 in April but down 23.7% from 114 in May of 2015. New listings this month are 36, the same as last month. Months of supply of 4.2 in May was up a little from 3.9 in April but down substantially from 6.4 in May of 2015. This is the highest months of supply has been since November, 2015.

Market Time

Days on market of 62 in May was way down from 116 in April and down considerably from 84 in May of 2015. This is the lowest days on market has been since September, 2015.

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Comments (3)

Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I am glad to see there is a healthy market in your area.

Jun 20, 2016 10:13 PM
Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will appreciate your local real estate market reports.

Jun 20, 2016 10:14 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to share this.  I find this type of information very informative and helpful for your intended audience.  I hope you have a wonderful week ahead.  Best wishes!

Jun 20, 2016 10:26 PM