Prices in the Westchester housing market surged forward in the second quarter of 2017, even while a lack of inventory stifled potential sales growth. Sales. Home sales were basically flat through the second quarter, falling just about 1% from the second quarter of last year. This marked the first quarter in almost three years where sales fell from the prior year, reflecting … [Read more...]
Second Quarter 2017 Real Estate Market Report: Westchester & Hudson Valley – Market Overview
The housing market in Westchester and the Hudson Valley continued to show signs of meaningful price appreciation in the second quarter of 2017, with prices up in every county in the region. With inventory rates dropping, and demand strong, we expect this trend to continue through a robust Summer market and through the rest of 2017. Inventory throughout the region continues … [Read more...]
First Quarter 2017 Real Estate Market Report – Dutchess County, New York
The Dutchess County housing market struggled through the first quarter of 2017, with sales and prices down after a strong 2016. We believe that this is just a short-term retreat in what will be a strong year for the market. Sales. Dutchess sales were surprisingly down in the first quarter. Transactions fell over 7%, the first time we have seen year-on-year sales go down in … [Read more...]
First Quarter 2017 Real Estate Market Report – Putnam County, New York
The Putnam County housing market surprisingly struggled through the first quarter of 2017, with sales and prices both down, even while the rest of the Hudson Valley was up. We believe this is a short-term blip in the data, and that Putnam is poised for better results in 2017. Sales. Putnam single-family home sales were down over 6% for the quarter, only the second time … [Read more...]
First Quarter 2017 Real Estate Market Report – Orange County, New York
The Orange County housing market started off 2017 with a bang, showing clear signs of an emerging seller’s market. Not only were sales up yet again, but prices showed the first meaningful signs of appreciation in over 10 years. Sales. Orange sales surged again, rising over 8% from last year’s first quarter. This continued a trend we’ve been watching for over five years, with … [Read more...]