Last month, the median sales price climbed 27 percent to $1,250,00 for single family homes, while Condos, TICs, and Coops saw an increase of 14 percent to $1,100,000. Months Supply of Inventory, which looks at how long it would take to sell all of the active inventory given the current pace of sales, decreased 13.3 percent for single family units and 17.6 percent for Condos, TICs, and Coop units.
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SFAR MarketFocus – March 2015
