The Northern New Jersey housing market finished 2017 strong, with prices up even while declining inventory throughout the region stifled sales growth. With demand high, and available homes low, we believe that homeowners will continue to enjoy price increases throughout 2018. Regional sales were up, but not in every county. Regional sales were up slightly for the quarter, … [Read more...]
Archives for January 2018
Fourth Quarter 2017 Real Estate Market Report: Dutchess County Overview
The Dutchess County housing market finished the year strong, with the first clear signs of meaningful price appreciation in years. Sales. Dutchess sales rose slightly in the fourth quarter, up just about 1%. For the year, sales were down over 4%, which reflects low levels of inventory more than a lack of demand. Dutchess definitely needs more listings, some “fuel for the … [Read more...]
Fourth Quarter 2017 Real Estate Market Report: Putnam County Overview
The Putnam County housing market finished 2017 with a flourish, as low levels of inventory drove prices up dramatically. Sales. Putnam single‑family home sales were up a tick for the quarter, following three straight quarters of decline. For the calendar year, sales were down over 7%, marking the first time in over five years where the yearly sales have gone down. This is … [Read more...]
Fourth Quarter 2017 Real Estate Market Report: Westchester County Overview
The Westchester housing market finished strong in 2017, with a surge in prices even while a lack of inventory held back sales growth. Sales. Home sales were up just a tick, rebounding a bit from their sudden decline in the third quarter. You can see the continued impact of a lack of inventory, though, with sales down almost 2% for the full year. Still, with over 6,100 sales … [Read more...]
Fourth Quarter 2017 Real Estate Market Report: Orange County Overview
The Orange County housing market surged again in the fourth quarter of 2017, finishing a robust year with a flourish. Sales. Orange sales spiked in the fourth quarter, rising almost 15%. Quarterly transactions have now gone up in 13 straight quarters and 22 out of the last 23. Similarly, sales were up almost 8% for the calendar year, marking the sixth straight year of … [Read more...]