Rand Country Blog Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 Overall: Westchester and Hudson Valley The story of the housing market in Westchester and the Hudson Valley at the end of 2016 was all about inventory. The number of homes on the market continues to decline, which is already negatively impacting the rate of sales growth, but is likely to positively impact price appreciation in 2017. Inventory throughout the region […]
Rand Country Blog Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 Overall: Westchester and Hudson Valley
Rand Country Blog Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 Overall: Westchester and Hudson Valley The story of the housing market in Westchester and the Hudson Valley at the end of 2016 was all about inventory. The number of homes on the market continues to decline, which is already negatively impacting the rate of sales growth, but is likely to positively impact price appreciation in 2017. Inventory throughout the region […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Sussex County, New Jersey The Sussex County housing market surged again in the third quarter of 2016, with sales up sharply and some modest appreciation in pricing. Sales. Sussex sales were up again in the third quarter, rising 9% from last year and finishing the year up over 23%. This continued a trend that we’ve been watching for the […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Essex County, New Jersey The Essex County housing market was a mass of contradictions in the third quarter of 2016, with sales down but prices up. Sales. Essex activity continued to disappoint in the third quarter, with transactions down almost 3% from last year. This marked the first quarter of year‑on‑year sales declines in almost two years, breaking a […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Morris County, New Jersey The Morris County housing market softened in the third quarter of 2016, with sales up modestly and prices mixed. Sales. Morris County sales were up only slightly, rising about 4% from the third quarter of last year. Even that tepid increase, though, was enough to continue a two‑year streak in which year‑on‑year sales have gone […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Passaic County, New Jersey Sales in the Passaic County housing market continued to rise in the third quarter of 2016, but these sustained levels of buyer demand are not yet having their expected impact on pricing. Sales. Passaic sales were up again in the third quarter, rising over 6% from last year and finishing the rolling year up over […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Bergen County, New Jersey The Bergen County housing market plateaued in the third quarter of 2016, with sales and prices flat over the summer after a spike in spring activity. Sales. Bergen sales were flat in the third quarter, rising less than 1% after a pretty robust period over the past two years. Indeed, even with that minimal sales […]
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Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Northern New Jersey Market Overview The Northern New Jersey housing market plateaued in the third quarter of 2016, with sales flattening out after a torrid start to the year and pricing struggling to gain traction. With inventory levels falling throughout the region, though, we expect that the market might gain strength going into 2017. Sales were basically flat throughout the […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Dutchess County, New York The Dutchess County housing market continued to strengthen in the third quarter of 2016, with a moderate increase in sales coupled with an eye‑opening spike in pricing. Sales. Dutchess single‑family home sales were up again in the third quarter, rising 8% from last year. This marked the eighth quarter in a row with year‑on‑year sales […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Putnam County, New York The Putnam County housing market surged again in the third quarter of 2016, with sales way up and prices stabilizing after a summer spike. Sales. Putnam sales were up again in the third quarter, with single‑family home closings up over 12% from last year and now up almost 22% for the year. The market is […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Orange County, New York The Orange County housing market surged again in the third quarter of 2016, with sales up dramatically and, more importantly, the first signs of meaningful price appreciation since the 2008-09 financial crisis. Sales. Orange single‑family sales were up yet again, rising over 18% from last year and now up over 25% for the rolling year. […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Rockland County, New York The Rockland County market surged again in the third quarter of 2016, with a dramatic increase in sales finally driving a meaningful yearly increase in prices. Sales. Rockland single‑family sales were up yet again, rising almost 13% from last year’s third quarter and up 20% for the rolling year. We’ve now seen sustained rates of […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Westchester County The Westchester housing market softened in the third quarter of 2016, with sales flat and prices continuing to weaken even in the face of falling inventory. SALES. Sales activity was up, but not at the pace that we’ve seen over the past few years. Single‑family home sales rose, but only by about 2%. Similarly, coop […]
Rand Country Blog Real Estate Market Report: Third Quarter 2016 – Westchester & Hudson Valley Market Overview The housing market in Westchester and the Hudson Valley in the third quarter of 2016 defied the standard economic laws of supply and demand. Sales were up and inventory was down, but prices were flat across the board. Why? Maybe buyers are just leery of making a move during a tumultuous presidential election year. Sales […]
Rand Country Blog Are Home Prices in the Manhattan Suburbs Due? — The Big City Exodus Theory Are home prices in the New York City suburbs on the rise? We’re not seeing it in the data just yet.  Even with home sales up pretty robustly for the past five years, home prices in the Manhattan suburbs have been relatively flat since their financial crisis correction back in 2008-2010.  At some point, you […]
Rand Country Blog Second-Quarter 2016 Real Estate Market Report: Sussex County The Sussex County housing market surged again in the second quarter of 2016, with sales up significantly even while prices continued to struggle. Sales. Sussex sales were up sharply in the second quarter, rising 23% from last year and finishing the year up over 26%. This continued a trend that we’ve been watching for the […]
Rand Country Blog Second-Quarter 2016 Real Estate Market Report: Essex County The Essex County housing market stalled in the second quarter of 2016, with sales up slightly but prices continuing to struggle. Sales. Essex activity was a bit disappointing in the second quarter, with transactions up only 4% after a robust beginning to the year. Any kind of increase is a good sign for Essex homeowners, […]
Rand Country Blog Second-Quarter 2016 Real Estate Market Report: Morris County The Morris County housing market surged again in the second quarter of 2016, with sales up sharply. Despite increasing buyer demand, though, prices still disappointed. Sales. Morris County sales were up almost 18% in the second quarter, marking the seventh straight quarter of year‑on‑year sales growth. The long‑term trend is also encouraging, with sales up […]
Rand Country Blog Second-Quarter 2016 Real Estate Market Report: Passaic County The Passaic County housing market surged again in the second quarter, but another sharp increase in sales is still not having its expected impact on pricing. Sales. Passaic sales were up again in the second quarter, rising almost 22% from last year and finishing the rolling year up over 15%. Indeed, we’ve now seen sustained […]