The Northern New Jersey housing market surged again in the second quarter of 2017, with another sharp increase in sales coupled with some more 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 Summer and the rest of 2017. Sales surged … [Read more...]
Archives for August 2017
Second Quarter 2017 Real Estate Market Report – Dutchess County, New York
The Dutchess County housing market showed clear signs of an emerging seller’s market in the second quarter of 2017, with the first meaningful signs of price appreciation in years. Sales. Dutchess sales were down a tick for the quarter, probably a reflection of falling inventory in the market. For the rolling year, sales are still up a tick, but Dutchess definitely needs some … [Read more...]
Second Quarter 2017 Real Estate Market Report – Putnam County, New York
The Putnam County housing market showed the clear signs of constricted inventory levels, with a slowdown in sales coupled with a spike in pricing. Sales. Putnam single-family home sales were down over 12% for the quarter, the second straight quarter of a significant decline in transactions. After over five years of steadily increasing sales, Putnam is now seeing the impact … [Read more...]
Second Quarter 2017 Real Estate Market Report – Orange County, New York
The Orange County housing market surged again in the second quarter of 2017, with both sales and prices up sharply while inventory continued to fall. Sales. Orange sales were up yet again, rising over 6% from last year’s second quarter. Quarterly transactions have now gone up in 11 straight quarters and 20 out of the last 21. Indeed, for the rolling year, sales were up … [Read more...]
Second Quarter 2017 Real Estate Market Report – Rockland County, New York
The Rockland County housing market cooled down a little in the second quarter, with transactions and prices up only slightly after a sizzling start to the year, as the lack of inventory continues to stifle sales growth. Sales. After spiking almost 24% in the first quarter, sales cooled down in the second, rising a little over 4% from last year. But this did continue a trend … [Read more...]