Monday
December 1, 2008

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Sales of existing single-family homes continue to slide

HUDSON VALLEY/CATSKILLS – Sales of existing single-family homes continued their downward trend in October when compared to the same month last year, according to the New York State Association of Realtors.

The only bright spot in the entire region was Sullivan County, which posted a 110 percent gain in sales. Delaware County saw a more than 10 percent increase.

All other counties in the region continued to slide downward.

The biggest decline in home sales was in Greene County at 51 percent. Orange County fell by 32 percent and Columbia County dropped by 30 percent.

Westchester home sales fell by more than 16 percent while Rockland dropped by 15 percent and Ulster fell by 10 percent.

Putnam and Dutchess counties both fell by five percent.

Statewide, year over year sales fell in October by just under 12 percent.

Median selling prices continued to fall in October.

  • In Columbia County, they fell by 22 percent to $193,750;
  • In Delaware County, they grew by 10 percent to $122,000;
  • In Dutchess County, they fell by 20 percent to $275,000;
  • In Greene County, they fell by 10 percent to $159,000;
  • In Orange County, they fell by 15 percent to $271,500
  • In Putnam County, they fell by seven percent to $335,000;
  • In Rockland County, they fell by six percent to $460,000;
  • In Sullivan County, they fell by two percent to $147,500;
  • In Ulster County, they fell by seven percent to $224,250;
  • In Westchester County, they fell by 14 percent to $575,000.

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