Orange County surged again in the fourth quarter of 2015, with sales reaching levels we have not seen in over ten years, but this rising demand has not yet had its expected impact on pricing. Sales. Orange County sales spiked again, rising 20% from the fourth quarter of last year and up 29% for all of 2015. We have now seen sustained sales growth for more than three years, … [Read more...]
So What’s Going on in the Rockland County Real Estate Market?: The Rand Quarterly Market Report for 2015Q4
Rockland sales surged again in a torrid end to 2015, with sales reaching levels we have not seen in over 10 years and prices showing meaningful signs of appreciation. Sales. Rockland sales were up sharply, rising 26% from the fourth quarter of 2015 and up over 20% for the calendar year. We’ve now seen sustained rates of growth for over three years, with transactions up for … [Read more...]
So What’s Going on in the Westchester Real Estate Market?: The Rand Quarterly Market Report for 2015Q4
Westchester activity surged in the fourth quarter, with sales up sharply for both single-family homes and condominiums, even while prices remained stubbornly soft. Sales. Residential rose sharply, up over 13% from last year and finishing the calendar year up almost 8%. We’ve now seen sustained sales growth for four full years, with year-on-year transactions going up in 15 … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q4
The Westchester and Hudson Valley regional housing market finished 2015 strong, with another surge in activity that drove sales up almost 17% for the year. And although this sustained increase in buyer demand has not yet had its expected impact on pricing, declining levels of inventory are now signaling that meaningful price appreciation is imminent. In other words – welcome … [Read more...]
So What’s Going on in the Morris County Real Estate Market?: The Rand Quarterly Market Report for 2015Q3
The Morris County housing market softened a bit in the third quarter, with sales up modestly but prices a little flat. Over the longer-term, we’re seeing sustained increases in buyer demand that are likely to have a meaningful impact on prices by 2016. Sales. Morris County sales were up modestly in the second quarter, rising 5.7%. This marked the fourth straight quarter with … [Read more...]