The housing market in Westchester and the Hudson Valley finished the year strong in the fourth quarter of 2017, with meaningful price appreciation throughout the region driven by low inventory and high demand. Although sales have slumped a bit due to the lack of available homes for sale, rising prices might tempt new sellers to come into this growing seller’s … [Read more...]
Homes in Westchester and the Hudson Valley are STILL Cheaper Than They Have Been in a Generation
Right now is a really great time to be buying a home in Westchester or the Hudson Valley. Man, do I hate saying that. As I’ve explained before, I hate the phrase “great time to buy” for a couple of reasons. First, people have different needs, and a market that’s great for one person might be terrible for another person. Second, while markets tend to move together, we … [Read more...]
Third-Quarter 2017 Market Report: Dutchess County Market Overview
The Dutchess County housing market showed clear signs of an emerging seller’s market in the third quarter of 2017, with a lack of inventory constricting growth but driving prices up. Sales. Dutchess sales were down again in the third quarter, more a reflection of falling inventory in the market than a decline in buyer demand. Sales were down almost 5% for the quarter and are … [Read more...]
Third-Quarter 2017 Market Report: Putnam County Market Overview
The Putnam County housing market slowed a bit in the third quarter of 2017, with sales falling and prices mixed. Sales. Putnam single‑family home sales were down almost 10% for the quarter, the third straight quarter of a significant decline in transactions. After over five years of steadily increasing sales, Putnam is now seeing the impact of a lack of inventory, with sales … [Read more...]
Third-Quarter 2017 Real Estate Market Report: Orange County Market Overview
The Orange County housing market surged again in the third quarter of 2017, with both sales and prices up while inventory continued to fall. Sales. Orange sales were up yet again, rising over 6% from last year’s third quarter. Quarterly transactions have now gone up in 12 straight quarters and 21 out of the last 22. Indeed, for the rolling year, sales were up almost 10%, and … [Read more...]