Monday, July 10, 2017

  WXPort  

 

 

Home sales up on west side of Hudson, down on east side

WHITE PLAINS – Orange County saw the greatest increase in single-family home sales in the four-county Hudson Gateway Association of Realtors’ region during the second quarter of the year with a 10 percent gain. Rockland County sales grew by 3.8 percent.

On the east side of the Hudson River, Putnam County home sales dipped by 5.1 percent while in Westchester they fell by 1.3 percent.

In the first six months of the year, Orange County home sales increased by 11.2 percent and by 12.2 percent in Rockland County. In Putnam, six month sales fell by 3.6 percent while they rose in Westchester by 2.0 percent.

Realtors’ group President Dorothy Botsoe said the dip in sales is the result of a lack of inventory on the market.

“There is no inventory and a lot of emotional buying. When you get in a multi offer situation, it becomes an emotional purchase and sometimes you end up overpaying for the homes. The lack of inventory has been very severe. We are hoping toward the fall things will come on the market and there will be a little bit of a balance between sellers and buyers here so that more people can get into homes,” she said.


Median prices rose in all four counties.

End of the second quarter inventory of available homes fell in all four counties, indicated brisk sales.

Second quarter stats:

Orange County
Rockland County
Putnam County
Westchester County

 


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