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Ithaca Board of REALTORS®
Year to Date Statistics March 2019
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Prepared by: Norma Jayne ❖ [email protected] ❖607-257-1001
Ithaca Board of REALTORS® are members of the National Association of REALTORS®
CONTENT
PERCENT OF ORIGINAL LIST PRICE RECEIVED................................................ 3
MEDIAN SALES PRICE ................................................................................................. 4
AVERAGE SALES PRICE ............................................................................................. 5
MEDIAN RESIDENTIAL SALES PRICE .................................................................... 6
PENDING SALES ............................................................................................................ 7
NEW LISTINGS ............................................................................................................... 8
INVENTORY OF HOMES FOR SALE ......................................................................... 9
CLOSED SALES ............................................................................................................ 10
UNDER CONTRACT BY MONTH ............................................................................. 11
DAYS ON MARKET ...................................................................................................... 12
ABSORPTION ................................................................................................................ 13
FIXED RATE MORTGAGES....................................................................................... 14
30 YEAR INTEREST RATE ......................................................................................... 15
CONSUMER CONFIDENCE ....................................................................................... 16
NUMBER OF SALES PER SCHOOL DISTRICT ..................................................... 17
TOMPKINS COUNTY
CLOSED SALES ........................................................................................................... 18
MEDIAN SALES .......................................................................................................... 19
SALES BY RANGE ...................................................................................................... 20
MONTHLY HOUSING STATS
MONTHLY COMPARISON ........................................................................................ 21
YEAR TO DATE STATISTICS REPORT .................................................................... 22
YEAR TO DATE STATISTICS REPORT TOMPKINS COUNTY ............................. 23
AVERAGE SELLING PRICE BY SCHOOL DIST MONTH AND YTD .................... 24
DAYS ON MARKET AND DAYS UNDER CONTRACT BY SCHOOL DISTRICT 25
NOTES
There are no significant changes in percent of original list prices received, but you may notice that median price has declined 4% over last year YTD in the Ithaca area and Tompkins County saw a slight increase 1%
There is a mix of low inventory and high absorption rate. The March absorption rate is consistent with previous years, but inventory continues to decline. Inventory is down 14%, pending sales are up 9%, absorption rate is
over 6 months supply, and days on market has declined by 9%.
Mortgage rates vary by institution and rates have fluxuated. According to Lawrence Yun, Chief Economist for NAR, the mortgage rates began to decline at the beginning of the year, which brought more buyers into the
market. He is calling for rates to stay between the 4% to 4.5% range in the near future.
Consumer confidences has waivered a bit. The 2019 Homownership Opportunities Survey indicated that 64% percent of people in the northeast believe that now is a good time to buy a home.
Percent of Original List Price ReceivedPercent of Original List Price Received
March Average Percent YTD Month Prior Year
Current
Year +/-
April 94.8% 94.8% 0%
2017 179 0.940 May 95.1% 97.2% 2%
2018 156 0.943 0% June 97.2% 95.9% -1%
2019 201 0.953 1% July 97.2% 96.6% -1%
August 96.9% 95.0% -2%
September 95.4% 96.5% 1%
October 93.9% 95.3% 2%
November 94.3% 95.8% 2%
December 95.3% 94.0% -1%
January 93.4% 94.1% 1%
February 93.7% 96.4% 3%
March 95.6% 95.5% 0%
Historic Percent of Original List Price Received 12-Month Average 95.2% 95.6% 0%
94.0% 94.3% 95.3%
2017 2018 2019
95.4% 95.6% 95.5%
2017 2018 2019
0.85
0.87
0.89
0.91
0.93
0.95
0.97
0.99
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 3 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Median Sales PriceMedian price point for all closed sales
March YTD Median Month Prior Year Current Year +/-
April 164,550 185,000 12%
2017 May 212,750 225,000 6%
2018 June 219,500 235,000 7%
2019 July 221,000 212,000 -4%
August 197,000 215,000 9%
September 182,250 168,500 -8%
October 173,950 208,000 20%
November 163,974 177,200 8%
December 218,000 194,500 -11%
January 174,000 162,500 -7%
February 182,500 178,500 -2%
March 183,500 162,500 -11%
Historical Median Sales Price 12-Month Average 191,081 193,642 1%
181,625 178,750 169,900
2017 2018 2019
164,550 183,500
162,500
2017 2018 2019
-
25,000
50,000
75,000
100,000
125,000
150,000
175,000
200,000
225,000
250,000
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 4 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Average Sales Price
March Average YTD Month Prior Year Current Year +/-
April 189,171 204,428 8%
2017 179 205,770 May 242,149 248,413 3%
2018 156 205,333 0% June 254,519 238,786 -6%
2019 201 213,632 4% July 244,052 242,800 -1%
August 229,206 238,088 4%
September 224,506 204,811 -9%
October 211,668 224,431 6%
November 184,547 199,392 8%
December 221,248 227,232 3%
January 210,189 208,264 -1%
February 202,747 213,813 5%
March 208,286 220,642 6%
12-Month Average 218,524 222,592 2%
Historical Average Sales Price
205,770 205,333 213,632
2017 2018 2019
212,010 208,286220,642
2017 2018 2019
100,000
120,000
140,000
160,000
180,000
200,000
220,000
240,000
260,000
280,000
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 5 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
2011 2012 2013 2014 2015 2016 2017 2018 2019
IBR - Median 163,250 148,650 167,450 152,425 160,000 175,000 185,000 178,750 169,900
Tompkins County Median 183,800 160,000 169,900 162,250 199,900 204,000 208,378 222,750 226,000
-
50,000
100,000
150,000
200,000
250,000
300,000
Ithaca Board of REALTORS®March 2019 YTD
Median Residential SalesAll Residential Properties
Ithaca Board of REALTORS March YTD Statistics Page 6 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Pending SalesA count of properties with contracts accepted in a given month
March Average YTD Month
Prior
Year
Current
Year +/-
April 390 347 -11%
2017 293 243 May 419 347 -17%
2018 294 218 -10% June 396 357 -10%
2019 267 237 9% July 285 285 0%
August 302 267 -12%
September 280 262 -6%
October 258 222 -14%
November 220 223 1%
December 171 179 5%
January 178 180 1%
February 212 238 12%
March 264 294 11%
12-Month Average 281 267 -5%
Historical Pending Sales Activity
294264
294
2017 2018 2019
243218
237
2017 2018 2019
050
100150200250300350400450500
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 7 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
New ListingA count of the properties that have been newly listed on the market in a given month.
March YTD Month
Prior
Year
Current
Year +/-
April 211 216 2%
2017 213 475 May 245 230 -6%
2018 187 -12% 413 -13% June 195 207 6%
2019 210 12% 435 5% July 174 164 -6%
August 157 157 0%
September 129 129 0%
October 109 135 24%
November 98 65 -34%
December 62 51 -18%
January 118 81 -31%
February 108 144 33%
March 187 210 12%
12-Month Average 149 149 0%
Historical New Listing Activity
213187
210
2017 2018 2019
475413 435
2017 2018 2019
0
50
100
150
200
250
300
350
400
450
500
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 8 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Inventory of Homes for SaleProperties available for sale based on active status
March Average YTD Month Prior Year
Current
Year +/-
April 522 469 -10%
2017 179 446.66 May 552 513 -7%
2018 156 388.66 -13% June 563 584 4%
2019 201 380.33 -2% July 598 531 -11%
August 529 525 -1%
September 517 561 9%
October 477 416 -13%
November 423 410 -3%
December 381 333 -13%
January 370 327 -12%
February 389 385 -1%
March 407 429 5%
Historical Inventory of Homes for Sale 12-Month Average 477 457 -4%
447389 380
2017 2018 2019
462407 429
2017 2018 2019
300
350
400
450
500
550
600
650
700
750
800
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 9 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Closed SalesA count of actual sales closed
March YTD Month
Prior
Year
Current
Year +/-
April 64 79 23%
2017 = 145 May 105 77 -27%
2018 156 171 18% June 143 121 -15%
2019 201 146 -15% July 144 123 -15%
August 159 141 -11%
September 74 91 23%
October 99 106 7%
November 83 95 14%
December 83 80 -4%
January 55 46 -16%
February 57 44 -23%
March 59 56 -5%
12-Month Average 94 88 -6%
Historical Closed Sales
5059 56
0
20
40
60
80
100
2017 2018 2019
145
171
146
0
50
100
150
200
2017 2018 2019
0
20
40
60
80
100
120
140
160
180
200
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 10 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Under Contract by MonthA count of listings that went under contract
March Average YTD Month
Prior
Year
Current
Year +/-
April 390 347 -11%
2017 = 243 May 419 347 -17%
2018 156 218 -10% June 396 357 -10%
2019 201 237 9% July 285 288 1%
August 302 267 -12%
September 280 262 -6%
October 258 222 -14%
November 220 223 1%
December 171 179 5%
January 178 180 1%
February 212 238 12%
March 264 294 11%
12-Month Average 281 267 -5%
Historical Under Contract
294264
294
2017 2018 2019
243218
237
2017 2018 2019
0
50
100
150
200
250
300
350
400
450
500
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 11 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Days on Market Average number of days between when a property is first listed and when an offer is accepted in a given month
March Average YTD Month
Prior
Year
Current
Year +/-
April 81 80 -1%
2017 179 76 81 May 87 61 -30%
2018 156 66 67 June 63 63 0%
2019 201 92 61 July 54 50 -7%
August 58 58 0%
September 64 66 3%
October 78 67 -14%
November 89 71 -20%
December 97 71 -27%
January 93 87 -6%
February 103 74 -28%
March 76 92 21%
Historical Days on Market 12-Month Average 79 70 -11%
8167 61
2017 2018 2019
DOM
108
7692
2017 2018 2019
DOM
0
50
100
150
200
250
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 12 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Absorption Rate
March YTD Month
Prior
Year
Current
Year +/-
April 9.9 5.9 -40%
2017 20 8.9 May 6.5 6.7 2%
2018 156 6.8 -23% June 4.3 4.8 11%
2019 201 7.8 14% July 3.4 4.3 28%
August 3.1 3.7 20%
September 5.8 4.3 -26%
October 3.7 3.3 -11%
November 3.9 3.0 -22%
December 2.9 2.6 -9%
January 6.7 5.7 -16%
February 6.8 8.7 27%
March 6.9 9.0 30%
Historical Absorption Rate 12-Month Average 5.3 5.2 -3%
Number of months it takes to sell the current inventory at the present rate of
sales. Less than 3 months: Seller's Market ~ 3-6 months: Balance Market ~
Greater than 6 Months Buyers Market
8.96.8
7.8
2017 2018 2019
10.6
6.9
9.0
2017 2018 2019
0
2
4
6
8
10
12
14
16
Mar
-11
Jun
-11
Sep
-11
De
c-1
1
Mar
-12
Jun
-12
Sep
-12
De
c-1
2
Mar
-13
Jun
-13
Sep
-13
De
c-1
3
Mar
-14
Jun
-14
Sep
-14
De
c-1
4
Mar
-15
Jun
-15
Sep
-15
De
c-1
5
Mar
-16
Jun
-16
Sep
-16
De
c-1
6
Mar
-17
Jun
-17
Sep
-17
De
c-1
7
Mar
-18
Jun
-18
Sep
-18
De
c-1
8
Mar
-19
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 13 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Source: HSH.com
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
2011 2012 2013 2014 2015 2016 2017 2018 2019
YTD - Average Interest Rates for Fixed Rate Mortgages
March 2019
Average of 30 Year Average of 15 Year
Ithaca Board of REALTORS March YTD Statistics Page 14 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
30-Year Interest Rate
March Average YTD Month Prior Year
Current
Year +/-
April 4.2 4.5 8%
2017 179 4.2 May 4.2 4.5 6%
2018 156 4.5 8% June 4.3 4.6 6%
2019 201 4.4 -2% July 4.0 4.5 14%
August 3.9 4.6 17%
September 3.9 4.6 17%
October 3.9 4.8 24%
November 3.9 4.9 24%
December 3.9 4.6 18%
January 4.3 4.6 7%
February 4.6 4.5 -1%
March 4.7 4.2 -11%
Historical Interest Rate 12-Month Average 4.1 4.6 10%
4.2 4.5 4.4
2017 2018 2019
4.204.67
4.17
2017 2018 2019
0.0
1.0
2.0
3.0
4.0
5.0
6.0
30 Year 15 Year
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 15 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
0
20
40
60
80
100
120
140
160
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
Consumer Confidence
Ithaca Board of REALTORS March YTD Statistics Page 16 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
CandorCentral
CortlandDrydenCentral
GrotonCentral
Ithaca CityLansingCentral
MoraviaNewfieldCentral
OdessaMontour/Watkins
Glen
SouthSeneca
SouthernCayuga
Spencer/Van Etten
Trumansburg Central
2015 1 6 9 1 23 6 6 3 3 7 2 7 7
2016 4 3 9 3 45 6 2 4 2 1 2 6 8
2017 1 4 11 3 27 10 3 3 1 2 7 5 8
2018 4 8 5 7 36 5 3 2 6 8 4 4 4
2019 1 7 8 6 28 6 4 3 5 4 2 2 4
0
5
10
15
20
25
30
35
40
45
50#
of
Sale
sYTD School District Sales
March 2019
Ithaca Board of REALTORS March YTD Statistics Page 17 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
A count of actual sales closed
March YTD Month
Prior
Year
Current
Year +/-
April 35 53 51%
2017 = 87 May 72 55 -24%
2018 156 102 17% June 108 80 -26%
2019 201 87 -15% July 99 93 -6%
August 98 89 -9%
September 48 55 15%
October 56 59 5%
November 42 47 12%
December 54 55 2%
January 29 22 -24%
February 30 32 7%
March 43 33 -23%
12-Month Average 60 56 -6%
Historical Closed Sales
Tompkins County Closed Sales
3043
33
2017 2018 2019
87
102
87
2017 2018 2019
0
20
40
60
80
100
120
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 18 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Median price point for all closed sales
March YTD Median Month Prior Year Current Year +/-
April 231,000 211,000 -9%
2017 May 258,400 287,500 11%
2018 June 262,000 261,000 0%
2019 July 249,900 235,000 -6%
August 214,000 255,000 19%
September 232,000 217,750 -6%
October 200,700 232,612 16%
November 213,500 195,000 -9%
December 262,500 217,000 -17%
January 220,000 217,500 -1%
February 241,500 206,250 -15%
March 221,000 240,000 9%
Historical Median Sales Price 12-Month Average 233,875 231,301 -1%
Tompkins County
Median Sales Price
208,378222,750 226,000
2017 2018 2019
206,500 221,000
240,000
2017 2018 2019
-
25,000
50,000
75,000
100,000
125,000
150,000
175,000
200,000
225,000
250,000
275,000
300,000
325,000
ITHACA BOARD OF REALTORS®, INC.
Ithaca Board of REALTORS March YTD Statistics Page 19 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
57%
44%
33%31% 33%
58%
67%63%
57%
47%
71% 71%
76% 74%
85%
69%
88%
70%
81%
90%
100% 100% 100% 100%
86%
0%
20%
40%
60%
80%
100%
120%
0
10
20
30
40
50
60
2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019
0-139,999 140,000-199,999 200,000-299,999 300,000-499,999 Greater than 500,000
March YTD Tompkins County
Closed Residential Sales by Price Range
Sum of #IBR Sales
Sum of # TC Closed Sales
Tompkins County Sales as a % of TotalResidential Sales by Range
Ithaca Board of REALTORS March YTD Statistics Page 20 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Ithaca Board of REALTORS®
March 2019
Mar-16 Mar-17 Mar-18 Mar-19
All Residential Properties:
Closed Sales: 53 50 59 56
Dollar Volume: $11,267,688 $10,831,457 $12,288,899 $12,355,961
Average Selling Price: $212,598 $216,629 $208,286 $220,642
Median Selling Price: $198,500 $192,000 $183,500 $178,000
Average Days on Market: 87 105 76 92
Average Days Under Contract: 81 72 82 96
Average Selling Price to List Price: 93.68% 95.37% 95.56% 95.46%
New Listings 232 213 187 210
Active Listings (New and Current) 554 462 407 429
Listings Under Contract 324 294 264 294
Mar-16 Mar-17 Mar-18 Mar-19
All Property Types:
Closed Sales: 67 59 70 74
Residential 53 50 59 56
Land 13 6 7 8
Commercial-Industrial 0 0 2 1
Multi-Family 1 3 2 9
Dollar Volume: 12,590,456 12,705,337 14,208,481 16,699,361
Residential 11,267,688 10,831,457 12,288,899 12,355,961
Land 1,242,768 601,280 283,500 576,500
Commercial-Industrial 0 0 486,082 214,900
Multi-Family 80,000 1,272,600 1,150,000 3,552,000
Active Listings (New and Current) 962 822 738 795
Listings Under Contract 397 379 318 338
NOTES:
SOURCE: Ithaca Board of REALTORS®.
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information
deemed reliable but not guaranteed.
Ithaca Board of REALTORS March YTD Statistics Page 21 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Ithaca Board of REALTORS®
Year-to-Date Statistics Report
March 2019
Mar-18 Mar-19
Percent
Change 2018 Year-to-Date
2019 Year-to-
date
Percent
Change 2017-2018 2018 - 2019
Percent
Change
All Residential Properties:
Closed Sales: 59 56 -5% 174 146 -16% 1136 1087 -4%
Dollar Volume: $12,288,899 $12,355,961 1% $35,727,895 $31,343,910 -12% $257,902,700 $245,148,343 -5%
Average Selling Price: $208,286 $220,642 6% $205,333 $214,684 5% $227,027 $225,527 -1%
Median Selling Price: $183,500 $178,000 -3% $178,750 $170,768 -4% $196,500 $200,000 2%
Average Days on Market (Listing Date to Closing Date): 76 92 21% 90 85 -6% 74 67 -9%
Average Days Under Contract: 82 96 17% 84 88 5% 77 77 -1%
Average Selling Price to List Price: 96% 95% 0% 94% 95% 1% 96% 96% 0%
New Listings 187 210 12% 413 435 5% 1790 1792 0%
Average Active Listings (New and Current) 407 429 5% 389 380 -2% 477 457 -4%
Average Listings Under Contract 264 294 11% 218 237 9% 281 267 -5%
Under Contract Take Backup 156 202 29% 128 145 13% 154 157 2%
Under Contract 108 92 -15% 90 92 3% 127 110 -13%
Mar-18 Mar-19
Percent
Change 2018 Year-to-Date
2019 Year-to-
date
Percent
Change 2017-2018 2018 - 2019
Percent
Change
All Property Types:
Closed Sales: 70 74 6% 207 197 -5% 1353 1286 -5%
Residential 59 56 -5% 174 146 -16% 1136 1087 -4%
Land 7 8 14% 26 34 31% 162 145 -10%
Commercial-Industrial 2 1 -50% 3 2 -33% 12 11 -8%
Multi-Family 2 9 350% 4 15 275% 43 43 0%
Dollar Volume: $14,208,481 $16,699,361 18% $39,808,288 $42,248,410 6% $290,356,102 $275,754,508 -5%
Residential $12,288,899 $12,355,961 1% $35,727,895 $31,343,910 -12% $257,902,700 $245,148,343 -5%
Land $283,500 $576,500 103% $1,504,811 $2,441,100 62% $13,910,797 $10,728,450 -23%
Commercial-Industrial $486,082 $214,900 -56% $936,082 $2,714,900 190% $5,936,882 $4,750,400 -20%
Multi-Family $1,150,000 $3,552,000 209% $1,639,500 $5,748,500 251% $12,605,723 $15,127,315 20%
Average Active Listings (New and Current) 738 795 8% 720 727 1% 836 796 -5%
Average Listings Under Contract 318 338 6% 261 289 10% 359 320 -11%
Under Contract 131 123 -6% 109 128 17% 173 145 -17%
Under Contract Take Back up 187 215 15% 152 161 5% 185 176 -5%
Ithaca Board of REALTORS March YTD Statistics Page 22 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
Ithaca Board of REALTORS®
Year-to-Date Statistics Report
March 2019
Tompkins County
Tompkins County Mar-18 Mar-19
Percent
Change
2018 Year -to-
Date
2019 Year-to-
date
Percent
Change 2017-2018 2018-2019
Percent
Change
All Residential Properties:
Closed Sales: 43 33 -23% 102 87 -15% 722 673 -7%
Dollar Volume: $10,090,450 $9,465,392 -6% $25,043,375 $23,007,743 -8% 189,162,581 176,434,325 -7%
Average Selling Price: $234,662 $286,830 22% $245,523 $264,457 8% 261,998 262,161 0%
Median Selling Price: $221,000 $240,000 9% $222,750 $226,000 1% 233,250 235,000 1%
Average Days on Market (Listing Date to Closing Date): 72 89 24% 83 82 -1% 62 55 -11%
Average Selling Price to List Price: 97% 97% 0% 95% 97% 2% 97% 97% 0%
New Listings 113 142 26% 257 303 18% 1015 1061 5%
Ithaca Board of REALTORS March YTD Statistics Page 23 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
March 2019 - Ithaca Board of REALTORS®
Average Selling Price by School District and YTD Average Selling Price for school districts with more than 5 sales
All Residential Properties
Sale Price Sales Year To Date
YTD Sale
Price YTD Sales
Bradford $89,000 1 Cortland $133,950 11
Cortland $110,700 5 Dryden Central $163,695 13
Dryden Central $185,300 5 Groton Central $116,793 6
Elmira City Schools $41,500 1 Ithaca City $303,543 51
Homer; Preble; Tully and Towar $141,500 1 Cayuga Heights (Boy MS)
Horseheads $140,000 1 Lakefront $794,500 1
Ithaca City $319,696 24 Single Family $205,250 4
Cayuga Heights (Boy MS) $135,000 1 Belle Sherman (DeW MS) $389,130 10
Caroline (DeW MS) $342,983 6 Caroline (DeW MS) $269,817 12
Enfield (Boy MS) $136,750 4 Northeast (DeW MS) $361,333 3
Beverly J Martin (DeW MS) $206,167 3 South Hill (Boy MS) $317,883 6
South Hill (Boy MS) $391,574 4 Enfield (Boy MS)
Belle Sherman (DeW MS) $753,500 2 Lakefront $790,000 1
Fall Creek (Boy MS) $233,500 2 Single Family $163,583 6
Northeast (DeW MS) $387,000 2 Beverly J Martin (DeW MS) $251,750 4
Lansing Central $162,375 2 Fall Creek (Boy MS) $241,575 4
Newark Valley $143,000 2 Lansing Central $370,726 8
Newfield Central $218,473 2 Newfield Central $166,389 5
Odessa Montour/Watkins Glen $144,801 5 Odessa Montour/Watkins Glen $111,018 10
Owego Apalachin $255,000 1 Trumansburg Central $213,700 5
Southern Cayuga $110,200 2
Spencer/Van Etten $90,555 3
Trumansburg Central $272,500 1
Ithaca Board of REALTORS March YTD Statistics Page 24 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.
March 2019 - Ithaca Board of REALTORS®
Days on Market (DOM) and Days under Contract (DC) By School District
and YTD DOM and LTC with total sales greater than 5
All Residential Properties
DC DOM Sales Year To Date DC DOM Sales
Bradford 217 180 1 Cortland 128 70 11
Cortland 176 75 5 Dryden Central 82 85 13
Dryden Central 82 87 5 Groton Central 75 30 6
Elmira City Schools 59 88 1 Ithaca City 81 72 51
Homer; Preble; Tully and Towar100 45 1 Cayuga Heights (Boy MS) 59 145 5
Horseheads 34 191 1 Belle Sherman (DeW MS) 85 49 10
Ithaca City 84 73 24 Caroline (DeW MS) 68 65 12
Cayuga Heights (Boy MS) 90 90 1 Northeast (DeW MS) 81 85 3
Caroline (DeW MS) 66 75 6 South Hill (Boy MS) 93 84 6
Enfield (Boy MS) 77 67 4 Enfield (Boy MS) 84 66 7
Beverly J Martin (DeW MS) 59 31 3 Beverly J Martin (DeW MS) 63 33 4
South Hill (Boy MS) 54 92 4 Fall Creek (Boy MS) 127 85 4
Belle Sherman (DeW MS) 154 134 2 Lansing Central 107 108 8
Fall Creek (Boy MS) 156 51 2 Newfield Central 106 145 5
Northeast (DeW MS) 103 58 2 Odessa Montour/Watkins Glen 73 110 10
Lansing Central 116 93 2 Trumansburg Central 72 114 5
Newark Valley 90 54 2
Newfield Central 107 154 2
Odessa Montour/Watkins Glen 58 142 5
Owego Apalachin 167 61 1
Southern Cayuga 50 104 2
Spencer/Van Etten 125 72 3
Trumansburg Central 106 274 1
Ithaca Board of REALTORS March YTD Statistics Page 25 of 25
The data relating to real estate sales comes from the Ithaca Board of REALTORS® Multiple Listing Service. Information deemed reliable but not guaranteed.