In breaking realtor news, third quarter reports are indicating the Lower Hudson Valley of New York is has far surpassed last year’s real estate sales to the tune of an impressive 15.2% ascent over last year’s transactions.
The striking sales numbers:
- Westchester County
Westchester reported a sales upswell so high July-September, records were broken dating back to 1981. Marketing turnaround time was also the fastest seen in 5 ½ years, leading price negotiability to become a no-go for buyers. Condos drove a good part of the uptick, with units purchased rising 17.4% over last year. River Town dwellings are basking in multiple offers, and though the luxury market continues to slide, sales activity is a tsunamic 68% above the 10 year average. This swell is making this year’s 2.7% decline in inventory feel much worse than usual.
- Rockland County
Rockland residential sales are up 16%, with the median price rising $10,000. Unlike Westchester, Rockland’s luxury market is experiencing a sales upswing. Single family home sales are also up a whopping 27%, with the median price of single family homes and condos up 2.4 and 12.6%, respectively. End of quarter inventory in Rockland is also down: 9%.
- Putnam County
Sales are also up in Putnam, spilling 21% over last year’s numbers. The median price has risen $15,000, up 4.7%. Condo prices have also risen 16.2%. End of quarter inventory has dipped 2.7%.
Will the sales keep rolling in?
Across the region things have been improving for several years, according to realtor news. As sales records continue to be pushed, it appears more stable pricing and heavier sales could be on the horizon.
Are you riding the rising tide of real estate sales, or are you sales ebbing away? Take advantage of the latest in realtor news and ride the wave of success with the help of Properties Online today.