Croton NY Real Estate Market Report August 2016

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

Sales

There were 13 Croton NY single family home sales in July. This is down 7.1% from 14 in July of 2015. This is the highest unit sales have been since 19 in December, 2015. Sales/list price ratio in July moved down to 98.5% from 102.6% in June.

Prices

Median price in July was $568,000. This is up 16.2% from $488,750 in July of 2015. This is the highest median price has been since September, 2015. 3-month median price of $559,000 in July was up modestly from $508,209 in June and very slightly up from $541,500 in July of 2015. Price per square foot in July was $260. This is down from $299 in June but up from $249 in July of 2015.

Inventory

Inventory of 52 in July was down 13.3% from 60 in June and down 18.8% from 64 in July of 2015. New listings of 15 in July were up slightly from 14 in June and up modestly from 14 in July of 2015. Months of supply of 5 in July was down a little from 5.7 in June and down somewhat from 6.5 in July of 2015.

Market Time

Days on market of 82 in July was up moderately from 65 in June and up a little from 70 in July of 2015.

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