The Westchester housing market softened in the third quarter of 2016, with sales flat and prices continuing to weaken even in the face of falling inventory. SALES. Sales activity was up, but not at the pace that we’ve seen over the past few years. Single‑family home sales rose, but only by about 2%. Similarly, coop sales were actually down by almost 3%, and condo sales fell … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Westchester & Hudson Valley Market Overview
The housing market in Westchester and the Hudson Valley in the third quarter of 2016 defied the standard economic laws of supply and demand. Sales were up and inventory was down, but prices were flat across the board. Why? Maybe buyers are just leery of making a move during a tumultuous presidential election year. Sales activity continues to increase throughout the region. … [Read more...]
Second-Quarter 2016 Real Estate Market Report: Dutchess County
The Dutchess County housing market surged forward in the second quarter of 2016, with strong increases in sales activity coupled with modest but promising signs of price appreciation. Sales. Dutchess single‑family home sales were up again in the second quarter, rising 18% from last year. This marked the seventh quarter in a row with year‑on‑year‑sales increases, leading to a … [Read more...]
Second-Quarter 2016 Real Estate Market Report: Putnam County
The Putnam County housing market surged in the second quarter of 2016, with dramatic increases in both sales and prices. Sales. Putnam sales spiked in the second quarter, with single‑family home closings up over 36% compared to last year. The Putnam market is just sizzling, with transactions up in eight straight quarters and 16 out of the last 17. Indeed, the 1,049 closings … [Read more...]
Second-Quarter 2016 Real Estate Market Report: Orange County
The Orange County housing market surged again in the second quarter of 2016, with sales spiking over 35% from last year. But pricing was more mixed, as Orange struggles to find its footing after years of bouncing around the bottom set after the 2008‑09 correction. Sales. Orange single‑family sales were up yet again, rising over 35% from last year and now up almost 30% for … [Read more...]