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...]
Real Estate Market Report: Third Quarter 2016 – Dutchess County, New York
The Dutchess County housing market continued to strengthen in the third quarter of 2016, with a moderate increase in sales coupled with an eye‑opening spike in pricing. Sales. Dutchess single‑family home sales were up again in the third quarter, rising 8% from last year. This marked the eighth quarter in a row with year‑on‑year sales increases, closing a rolling year where … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Putnam County, New York
The Putnam County housing market surged again in the third quarter of 2016, with sales way up and prices stabilizing after a summer spike. Sales. Putnam sales were up again in the third quarter, with single‑family home closings up over 12% from last year and now up almost 22% for the year. The market is just sizzling, with transactions up in nine straight quarters and 17 … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Orange County, New York
The Orange County housing market surged again in the third quarter of 2016, with sales up dramatically and, more importantly, the first signs of meaningful price appreciation since the 2008-09 financial crisis. Sales. Orange single‑family sales were up yet again, rising over 18% from last year and now up over 25% for the rolling year. This continues a trend we’ve been … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Rockland County, New York
The Rockland County market surged again in the third quarter of 2016, with a dramatic increase in sales finally driving a meaningful yearly increase in prices. Sales. Rockland single‑family sales were up yet again, rising almost 13% from last year’s third quarter and up 20% for the rolling year. We’ve now seen sustained rates of growth for over four years, with transactions … [Read more...]