town of north castle
Located thirty five miles from New York City, North Castle has a population of approximately 12,000 in 26 square miles.
The Town is comprised of three hamlets: North White Plains, Armonk and Banksville, each with its own special character. North White Plains is an area of inviting neighborhoods with convenient access to White Plains and New York City via Metro North. Armonk has a business district with cafes, shops and professional offices. Banksville, bordering Bedford & Greenwich, CT, is an area known for its bucolic settings.
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LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS
The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.
Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.
Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area. Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.