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...]
First Quarter 2017 Real Estate Market Report – Westchester County, New York
The Westchester housing market started off 2017 with a flourish, with sales up and prices showing meaningful signs of appreciation after a slow 2016. Sales. Home sales were strong through the first quarter. Single-family home sales were up over 6%, the tenth straight quarter of year-on-year sales increases. And the 6,266 transactions over the rolling year was the highest … [Read more...]