The Putnam County housing market showed the clear signs of constricted inventory levels, with a slowdown in sales coupled with a spike in pricing. Sales. Putnam single-family home sales were down over 12% for the quarter, the second straight quarter of a significant decline in transactions. After over five years of steadily increasing sales, Putnam is now seeing the impact … [Read more...]
Second Quarter 2017 Real Estate Market Report – Orange County, New York
The Orange County housing market surged again in the second quarter of 2017, with both sales and prices up sharply while inventory continued to fall. Sales. Orange sales were up yet again, rising over 6% from last year’s second quarter. Quarterly transactions have now gone up in 11 straight quarters and 20 out of the last 21. Indeed, for the rolling year, sales were up … [Read more...]
Second Quarter 2017 Real Estate Market Report – Rockland County, New York
The Rockland County housing market cooled down a little in the second quarter, with transactions and prices up only slightly after a sizzling start to the year, as the lack of inventory continues to stifle sales growth. Sales. After spiking almost 24% in the first quarter, sales cooled down in the second, rising a little over 4% from last year. But this did continue a trend … [Read more...]
Second Quarter 2017 Real Estate Market Report – Westchester County, New York
Prices in the Westchester housing market surged forward in the second quarter of 2017, even while a lack of inventory stifled potential sales growth. Sales. Home sales were basically flat through the second quarter, falling just about 1% from the second quarter of last year. This marked the first quarter in almost three years where sales fell from the prior year, reflecting … [Read more...]
Second Quarter 2017 Real Estate Market Report: Westchester & Hudson Valley – Market Overview
The housing market in Westchester and the Hudson Valley continued to show signs of meaningful price appreciation in the second quarter of 2017, with prices up in every county in the region. With inventory rates dropping, and demand strong, we expect this trend to continue through a robust Summer market and through the rest of 2017. Inventory throughout the region continues … [Read more...]