The Rockland County market surged in the second quarter of 2016, with another dramatic increase in sales coupled with an eye‑popping 10% spike in the average sales price. Sales. Rockland sales were up yet again, rising over 28% from last year’s second quarter and now up 25% for the rolling year. We’ve now seen sustained rates of growth for four straight years, with … [Read more...]
Second-Quarter 2016 Real Estate Market Report: Westchester County
The Westchester housing market surged in the second quarter of 2016, with sales activity up sharply but prices down slightly because of continued weakness in the ultra high‑end. Sales. Market activity exploded, with single‑family sales up over 22% from last year and now up over 12% for the rolling year. Year‑on‑year sales have now risen in 17 out of the last 19 quarters, … [Read more...]
Second-Quarter 2016 Real Estate Market Report: Westchester & Hudson Valley Market Overview
The Westchester and Hudson Valley regional housing market surged again in the second quarter of 2016, with sharply rising sales finally starting to have an impact on pricing, particularly in the mid- and entry‑priced markets throughout the region. Sales. Activity continues to surge, with regional sales up over 26% compared to the second quarter of last year, and rising in … [Read more...]
First Quarter 2016 Real Estate Market Report: Sussex Market Overview
The Sussex County housing market surged again in the first quarter of 2016, with a dramatic spike in sales that continued a long.term trend of markedly higher transaction rates. Nevertheless, we are still not seeing these sustained levels of buyer demand have their expected impact on pricing, which was down yet again. Sales. Sussex sales were up sharply in the first quarter, … [Read more...]
First Quarter 2016 Real Estate Market Report: Essex Market Overview
The Essex County housing market started the year strong, with a surge of sales activity. But even with demand up, prices went down sharply, indicating that the county has not yet developed into a “seller’s market.” Sales. Essex County sales were up sharply in the first quarter, rising over 13% for the quarter, marking the fifth straight quarter of year on year sales growth. … [Read more...]