The Orange County housing market surged yet again in the fourth quarter of 2016, with clear signs of meaningful price appreciation for the first time in years. Sales. Orange single-family sales were up yet again, rising almost 19% from last year’s fourth quarter, and finishing the full 2016 calendar year up almost 25%. This continues a trend we’ve been watching for almost … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Rockland County, New York
The Rockland County housing market tapered off a bit in the fourth quarter of 2016, but still finished the year with significant increases in both sales and prices. Inventory. The story in Rockland County is the declining inventory, with the number of homes for sale falling again, now reaching levels we have not seen in over 10 years. We calculate the “months of inventory” … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Westchester County, New York
The Westchester housing market in the fourth quarter of 2016 started to show the impact of tightening inventory, with sales flattening out and prices rising as buyers chased fewer available homes for sale. Inventory. The story in Westchester as 2016 ended was about the declining inventory. We calculate the “months of inventory” by measuring how long it would take to sell out … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 Overall: Westchester and Hudson Valley
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...]