Monday, April 10, 2017

  WXPort  

 

 

Home sales skyrocket in Rockland County


Home for sale by realtor in Orange County

WHITE PLAINS – Sales of single-family homes in Rockland County rose in the first quarter of the year by 23.7 percent over the same period last year.

The figures, reported by the Hudson Gateway Association of Realtors on Monday, found home sales grew by 11.5 percent in Orange County and by 7.1 percent in Westchester, but fell by 1.9 percent in Putnam County.

The median selling price increased the most in Orange County, by 7.0 percent, to $230,000.

It rose in Rockland County by 6.5 percent, to $425,000, and in Westchester County, by 5.3 percent, to $600,000. The Median sale price fell in Putnam by 1.7 percent, to $295,000.

High sales rates, a sharp decline in inventory, and an uneven pattern of price increases across the region marked 2017’s first quarter entry to the real estate market recovery of the past five years, the realtors association reported.

Realtors reporting in the Hudson Gateway Multiple Listing Service, a subsidiary of Hudson Gateway Association of Realtors, reported a total of 3,700 closed transactions in the four-county region during the first three months of 2017, a 9.1 percent increase or 309 units more than last year’s first quarter results.

The organization reported the closings resulted from sales and market activity during the winter months of 2016 and early 2017, and comprised single-family houses, condominiums, cooperatives, and 2-4 family houses.

 


Copyright © 2017 Mid-Hudson News Network, a division of Statewide News Network, Inc.
This story may not be reproduced in any form, by any media, without express written consent.
This includes rewriting, broadcasting and/or printing of material from MidHudsonNews.com,
by websites, radio and television stations, newspapers or other media

 

 


HEAR today's news on MidHudsonRadio.com, the Hudson Valley's only Internet radio news report.