Rye NY Real Estate Market Report August 2016

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

Sales

There were 27 Rye NY single family home sales in July. This is down 20.6% from 34 in July of 2015. Sales/list price ratio in July moved up to 97.6% from 96.4% in June.

Prices

Median price in July was $1,900,000. This is up 10.9% from $1,712,500 in July of 2015. This is the highest median price has been since February, 2016. 3-month median price of $1,812,500 in July was up slightly from $1,617,500 in June and up a little from $1,662,500 in July of 2015. Price per square foot in July was $558. This is down from $689 in June and down from $574 in July of 2015.

Inventory

Inventory of 157 in July was up 0.6% from 156 in June and up 17.2% from 134 in July of 2015. New listings of 27 in July were down modestly from 33 in June but up slightly from 24 in July of 2015. Months of supply of 10.5 in July was very slightly up from 10.1 in June and up moderately from 8.6 in July of 2015.

Market Time

Days on market of 57 in July was up slightly from 53 in June but down a little from 68 in July of 2015.

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Christopher Pagli

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