Bronxville NY Real Estate Market Report August 2016

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

Sales

There were 18 Bronxville NY single family home sales in July. This is down 40.0% from 30 in July of 2015. Sales/list price ratio in July moved down to 96.2% from 96.6% in June.

Prices

Median price in July was $1,367,000. This is up 21.8% from $1,122,500 in July of 2015. 3-month median price of $1,230,000 in July was very slightly up from $1,212,500 in June and up modestly from $1,145,000 in July of 2015. Price per square foot in July was $580. This is up from $530 in June and up from $516 in July of 2015.

Inventory

Inventory of 83 in July was up 6.4% from 78 in June but down 3.5% from 86 in July of 2015. New listings of 28 in July were way up from 21 in June and up considerably from 14 in July of 2015. Months of supply of 7 in July was up modestly from 6 in June and up slightly from 6.2 in July of 2015.

Market Time

Days on market of 70 in July was very slightly up from 68 in June and up just slightly from 69 in July of 2015.

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