Putnam County sales and prices both spiked in the first quarter of 2016, with transactions again reaching levels we have not seen in over 10 years. Sales. Putnam sales surged again in the first quarter, with single.family home sales spiking over 35% compared to last year and now up over 21% for the rolling year. Sales have now been going up for over four years, with … [Read more...]
First Quarter 2016 Real Estate Market Report: Orange Market Overview
The Orange County housing market finally showed the long awaited signs of meaningful price appreciation in the first quarter of 2016, with prices up significantly for the first time in almost 10 years. Sales. Orange sales were up yet again, rising 31% from last year and now up over 28% for the rolling year. This was nothing new – we have now seen sustained increases in … [Read more...]
First Quarter 2016 Real Estate Market Report: Rockland Market Overview
The Rockland County housing market started the year strong, with increases in both sales and prices that are now reaching levels we have not seen in over 10 years at the tail end of the last seller’s market. Sales. Rockland sales were up again, rising over 16% from last year’s first quarter and now up over 20% for the rolling year. We’ve now seen sustained rates of growth … [Read more...]
First Quarter 2016 Real Estate Market Report: Westchester Market Overview
The Westchester housing market started 2016 with a surge of activity coupled with a disappointing drop in pricing, continuing a trend we watched for most of last year. Sales. Market activity is way up, continuing a trend we’ve been watching for over four years. Residential sales rose sharply, up 11% from last year and finishing the calendar year up almost 9%. Year-on-year … [Read more...]
First Quarter 2016 Real Estate Market Report: Westchester & Hudson Valley Market Overview
The Westchester and Hudson Valley regional housing market in the first quarter of 2016 picked up where 2015 left off, with another surge in sales activity that is still not yet having a widespread impact on home prices. With inventory declining throughout the region, though, we believe that we will start seeing meaningful price appreciation before the end of the year. In our … [Read more...]