The Northern New Jersey housing market surged ahead in the first quarter of 2017, starting the year with a dramatic increase in home sales coupled with modest-but-meaningful signs of price appreciation. With inventory levels continuing to fall throughout the region, we expect that sustained buyer demand will drive a robust seller’s market through the Spring and the rest of … [Read more...]
Archives for April 2017
First Quarter 2017 Real Estate Market Report – Dutchess County, New York
The Dutchess County housing market struggled through the first quarter of 2017, with sales and prices down after a strong 2016. We believe that this is just a short-term retreat in what will be a strong year for the market. Sales. Dutchess sales were surprisingly down in the first quarter. Transactions fell over 7%, the first time we have seen year-on-year sales go down in … [Read more...]
First Quarter 2017 Real Estate Market Report – Putnam County, New York
The Putnam County housing market surprisingly struggled through the first quarter of 2017, with sales and prices both down, even while the rest of the Hudson Valley was up. We believe this is a short-term blip in the data, and that Putnam is poised for better results in 2017. Sales. Putnam single-family home sales were down over 6% for the quarter, only the second time … [Read more...]
First Quarter 2017 Real Estate Market Report – Orange County, New York
The Orange County housing market started off 2017 with a bang, showing clear signs of an emerging seller’s market. Not only were sales up yet again, but prices showed the first meaningful signs of appreciation in over 10 years. Sales. Orange sales surged again, rising over 8% from last year’s first quarter. This continued a trend we’ve been watching for over five years, with … [Read more...]
First Quarter 2017 Real Estate Market Report – Rockland County, New York
The Rockland County housing market simply exploded in the first quarter of 2017, with a surge in sales and prices that drove the market to levels we have not seen since the height of the last seller’s market. Sales. Single-family home sales spiked in the first quarter, rising almost 24% from last year, marking the ninth time out of the last 10 quarters with sales increasing … [Read more...]