White Plains NY Real Estate Market Statistics Report, Single Family Homes, Condos, & Coops

Single Family Homes

Sales

There were 16 unit sales in February. This is up 100.0% from 8 in February of 2013. Sales/list price ratio in February moved down to 96.4% from 97.3% in January.

Prices

Median price in February was $627,500. This is down 1.3% from $636,000 in February of 2013. 3-month median price of $560,000 in February was down just slightly from $583,750 in January but up a little from $510,000 in February of 2013.

Inventory

Inventory of 85 in February was down 5.6% from 90 in January and down 19.8% from 106 in February of 2013. New listings of 11 in February were down considerably from 20 in January and way down from 18 in February of 2013. Months of supply of 4.4 in February was down modestly from 4.8 in January and down considerably from 7.4 in February of 2013. On a year-over-year basis, months of supply has been falling for 5 months.

Market Time

Days on market of 132 in February was up marginally from 128 in January but down substantially from 224 in February of 2013. This is the highest days on market has been since September, 2013.

Condos
Sales

There were 6 unit sales in February. This is down 25.0% from 8 in February of 2013. This is the lowest unit sales have been since 2 in October, 2010. Sales/list price ratio in February moved down to 94.6% from 98.2% in January.
Prices

Median price in February was $312,500. This is down 20.9% from $395,000 in February of 2013. This is the lowest median price has been since September, 2012. 3-month median price of $325,000 in February was down marginally from $338,000 in January and down a little from $342,500 in February of 2013.
Inventory

Inventory of 85 in February was up 6.3% from 80 in January but down 8.6% from 93 in February of 2013. New listings of 11 in February were down considerably from 21 in January and down moderately from 15 in February of 2013. Months of supply of 6.3 in February was up slightly from 5.8 in January but down a little from 7.2 in February of 2013. This is the highest months of supply has been since August, 2013.

Market Time

Days on market of 93 in February was down modestly from 107 in January and down slightly from 106 in February of 2013.

Coops
Sales

There were 12 unit sales in February. This is up 50.0% from 8 in February of 2013. This is the lowest unit sales have been since 8 in February, 2013. Sales/list price ratio in February moved up to 95.4% from 95.0% in January.

Prices

Median price in February was $139,250. This is down 36.0% from $217,500 in February of 2013. This is the lowest median price has been since September, 2013. 3-month median price of $155,000 in February was down just slightly from $160,000 in January and down a little from $166,500 in February of 2013.

Inventory

Inventory of 163 in February was up 2.5% from 159 in January but down 5.8% from 173 in February of 2013. New listings of 27 in February were up a little from 25 in January and way up from 18 in February of 2013. Months of supply this month is 11, the same as last month.
Market Time

Days on market of 157 in February was down slightly from 167 in January and down modestly from 186 in February of 2013. This is the lowest days on market has been since June, 2013.
White Plains NY Real Estate Agent, White Plains NY Buyers Agent
Christopher Pagli - www.WestchesterCountyRealEstateMarket.comAccredited
Buyer Representative
Licensed Real Estate Associate Broker
William Raveis Legends Realty Group

914.332.6300 office 
914.406.9023 cell

chris@LegendsRealtyGroup.net
linkedin.com/in/christopherpagli