Prices in the Rockland County housing market soared in the third quarter of 2017, even while a lack of inventory stifled sales growth. Sales. After spiking at the beginning of the year, sales gave some of that growth back, dropping over 8% from the third quarter of last year. This was only the second time in the last four years that year‑on‑year sales have gone down. That … [Read more...]
Third-Quarter 2017 Real Estate Market Report: Westchester & Hudson Valley Market Overview
The housing market in Westchester and the Hudson Valley surged again in the third quarter of 2017, with strong buyer demand driving meaningful price appreciation even while declining inventory stifled sales growth. With inventory rates continuing to fall, we expect this trend to continue through the rest of the year. Inventory throughout the region continues to fall. … [Read more...]
Second Quarter 2017 Real Estate Market Report – Dutchess County, New York
The Dutchess County housing market showed clear signs of an emerging seller’s market in the second quarter of 2017, with the first meaningful signs of price appreciation in years. Sales. Dutchess sales were down a tick for the quarter, probably a reflection of falling inventory in the market. For the rolling year, sales are still up a tick, but Dutchess definitely needs some … [Read more...]
Second Quarter 2017 Real Estate Market Report – Putnam County, New York
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...]