Elliman Releases LI Report for the First Qtr. | Bedford NY Homes

  • The number of listings fell 24.8% to 15,303 from the same period a year ago,
  • the lowest first quarter total in a decade.

  • Median sales price fell 2.6% to $341,000 as average sales price increased
  • 4.8% to $435,082 from the same period last year.

  • Contracts signed in the first quarter increased 12.2% to 5,152 from the prior year total, representative of the release of pent-up demand. The number of sales edged
  • 2.9% to 3,905 from the prior year quarter.

  • Days on market, the number of days from the original list date to the contract date,
  • was 2 days faster, falling to 135 days from the prior year period.

  • Listing discount, the percent difference between the original list price and the sales price, declined to 6.7% from 7.8% over the same period.

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