08/31/2015
Buyers, sellers and realtors are looking ahead to the post-Labor Day market, hoping for an inventory increase to assuage continuing demand. New Listings were down 17.7 percent for single family homes and 32.9 percent for Condo/TIC/Coop properties. Pending Sales decreased 9.7 percent for single family homes and 13.5 percent for Condo/TIC/Coop properties. The Median Sales Price was up 18.8 percent to $1,284,444 for single family homes and 6.3 percent to $1,010,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 23.8 percent for single family units and 28.6 percent for Condo/TIC/Coop units.
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