This is the market report for Ossining, NY for August 2011. It covers single family homes in the Ossining School District. All data is from the Empire Acess MLS.
In August 2011, Ossining had 15 closings at a median sale price of $420,000.
In August 2010, Ossining had 15 closings at a median sale price of $436,000.
Both volume and price are holding steady, and this is a fairly siginificant departure from the downward trend of previous periods this year. August of 2010 was in the the stimulus period, so the results this August, which are unaffected by any outside forces or inducements, are organic and describe some strength. That is good news for sellers, finally.
Currently, there are 33 homes under contract at a median asking price of $409,222. This shows that pending prices are are also strong, and we should expect volume to remain steady as the autumn approaches.
There are 132 active listings at a median asking price of $424,611. We are actually down to under a year's worth of inventory at this rate, and while buyers do have lots of choices, sellers have gained some ground. It remains a buyer's market, but not as severe as it was earlier this year.
Since inventory is down & prices and volume are stronger it suggests that we may have turned the corner.
Previous posts on Ossining are here.
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