The Putnam County housing market exploded in the third quarter, with sales up sharply and prices spiking. Although the current rates of growth are probably not sustainable, Putnam still has room for both sales and price increases through 2016. Sales. Putnam sales surged again in the third quarter, rising 23.8% from last year and coincidentally up that same 23.8% for the … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q3
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of “green shoots” of meaningful price appreciation, reflecting the impact of the sustained increases in buyer demand that we’ve seen over the past few years. Home sales continued … [Read more...]
Putnam County Affordability: The Monthly Payment You Need to Buy a Home is as Low as it’s Been for the Past 15 Years
Homes in Putnam County are about as affordable as they have been in over 13 years. What do I mean by that? It’s simple. Basically, the monthly mortgage payment it takes to purchase the average-priced home in Putnam is about as low as it’s been since 2002 – and probably well before that. If you look at the attached graph, you’ll see what I’m talking about. On that graph, … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here. The real estate market in Westchester and the … [Read more...]
So What’s Going on in the Putnam County Real Estate Market?: The Rand Quarterly Market Report for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here. The Putnam County real estate market rose again … [Read more...]