November numbers for North Salem school district are in! It has been a very slow month real-estate wise for North Salem. Only 2 properties were sold, and 3 houses were newly listed. The second number is not so bad as there is a 1 year backlog of inventory on the market right now. I am afraid though that all those listing that expired (or were taken off the market), will be re-listed in the Spring, and we’ll have a big inventory to deal with. As of December 1, there 44 homes on the market in North Salem, and they range from modest bungalows, to luxurious estates. See the data below.
NOVEMBER 2009 UPDATE – NORTH SALEM SCHOOLS- SINGLE FAMILY HOMES
| North Salem CSD | Total # | Lowest price | Highest price | Average price | Median price | Average days on market |
| Active | 44 | $149,000 | $14,500,000 | $1,786,293 | $709,250 | 207 |
| New Listings | 3 | $360,000 | $650,000 | $461,633 | $374,900 | 35 |
| In contract | 5 | $375,000 | $949,000 | $657,360 | $699,900 | 274 |
| Sold | 2 | $495,000 | $824,500 | $659,750 | $659,750 | 80 |
| Expired/Taken off market | 8 | $49,500 | $2,250,000 | $845,688 | $782,000 | 238 |
CURRENTLY ACTIVE LISTINGS BY PRICE RANGE
| Price Range | Number of active listings |
| Under $500,000 | 11 |
| $500,000 – $750,000 | 13 |
| $750,000 – $1,000,000 $1,000,000-$1,500,000 |
4 1 |
| Over $1,500,000 | 15 |
ABSORPTION RATES: current supply of inventory: 12 (months)
CURRENT ACTIVE LISTINGS: 44
NUMBER SOLD LAST 12 MONTHS: 35 (2.9 Sold Per Month)
NUMBER SOLD LAST 6 MONTHS: 20 (3.3 Sold Per Month)
NUMBER SOLD LAST 3 MONTHS: 11 (3.7 Sold Per Month)
CURRENT # OF MONTHS INVENTORY: 12.0
If you would like more information about specific town or property, or would like to see detailed version of this report (it includes all sold and currently active properties with addresses), please email me at Natashap@cbmoves.com.
Northern Westchester & Putnam Real Estate Update 
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