The Northern New Jersey housing market finished strong in the final quarter of 2016, with sales up sharply even while pricing continued to struggle. But with inventory levels falling throughout the region, we expect that sustained buyer demand will drive meaningful if modest price appreciation in 2017. Sales were strong throughout the region. After a relatively slow third … [Read more...]
Archives for January 2017
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Dutchess County, New York
The Dutchess County housing market finished strong in the fourth quarter of 2016, with a sustained increase in sales along with the largest yearly price appreciation in over ten years. Sales. Dutchess single-family home sales were up again in the fourth quarter, rising over 7% from last year and marking the ninth quarter in a row with year-on-year sales increases. And for … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Putnam County, New York
The Putnam County housing market finished the 2016 year strong, with sales continuing to rise even while inventory tightened. Sales. Putnam sales were up again in the fourth quarter, with single-family home closings up almost 10% from last year and now up almost 21% for the year. The market is just sizzling, with transactions up in 10 straight quarters and 18 out of the last … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Orange County, New York
The Orange County housing market surged yet again in the fourth quarter of 2016, with clear signs of meaningful price appreciation for the first time in years. Sales. Orange single-family sales were up yet again, rising almost 19% from last year’s fourth quarter, and finishing the full 2016 calendar year up almost 25%. This continues a trend we’ve been watching for almost … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Rockland County, New York
The Rockland County housing market tapered off a bit in the fourth quarter of 2016, but still finished the year with significant increases in both sales and prices. Inventory. The story in Rockland County is the declining inventory, with the number of homes for sale falling again, now reaching levels we have not seen in over 10 years. We calculate the “months of inventory” … [Read more...]