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...]
First Quarter 2017 Real Estate Market Report – Dutchess County, New York
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: 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...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Dutchess County, New York
The Dutchess County housing market finished strong in the fourth quarter of 2016, with a sustained increase in sales along with the largest yearly price appreciation in over ten years. Sales. Dutchess single-family home sales were up again in the fourth quarter, rising over 7% from last year and marking the ninth quarter in a row with year-on-year sales increases. And for … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 Overall: Westchester and Hudson Valley
The story of the housing market in Westchester and the Hudson Valley at the end of 2016 was all about inventory. The number of homes on the market continues to decline, which is already negatively impacting the rate of sales growth, but is likely to positively impact price appreciation in 2017. Inventory throughout the region continues to fall. As we have explained before in … [Read more...]