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...]
First Quarter 2017 Real Estate Market Report: Westchester & Hudson Valley – Market Overview
The regional housing market in Westchester and the Hudson Valley started to show the first signs of meaningful price appreciation in the first quarter of 2017, with prices up in most of the counties. Moreover, with inventory rates dropping, we expect this trend to continue through a robust Spring market and for the rest of 2017. Inventory throughout the region continues to … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Sussex County, New Jersey
The Sussex County housing market surged again in the third quarter of 2016, with sales up sharply and some modest appreciation in pricing. Sales. Sussex sales were up again in the third quarter, rising 9% from last year and finishing the year up over 23%. This continued a trend that we’ve been watching for the past four years, with year‑on‑year sales up almost every quarter … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Essex County, New Jersey
The Essex County housing market was a mass of contradictions in the third quarter of 2016, with sales down but prices up. Sales. Essex activity continued to disappoint in the third quarter, with transactions down almost 3% from last year. This marked the first quarter of year‑on‑year sales declines in almost two years, breaking a six‑quarter streak of sales growth. After a … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Morris County, New Jersey
The Morris County housing market softened in the third quarter of 2016, with sales up modestly and prices mixed. Sales. Morris County sales were up only slightly, rising about 4% from the third quarter of last year. Even that tepid increase, though, was enough to continue a two‑year streak in which year‑on‑year sales have gone up for eight straight quarters. The long‑term … [Read more...]