Rand Country Blog

Rand Country Blog

Second Quarter 2019: Real Estate Market Report – Westchester County, New York

The Westchester housing market was the quintessential “Tale of Two Markets” in the second quarter of 2019, with single-family homes struggling while condo and coop sales soared. Single-family home sales were down, continuing a trend we have been watching since the 2018 Tax Reform’s cap on state and local tax deductions (“SALT Cap”). As we expected, the SALT Cap has […]
Rand Country Blog

Second Quarter 2019: Real Estate Market Report – Bronx County, New York

Strong demand in the Bronx housing market in the second quarter of 2019 drove pricing up even while limited inventory stifled sales growth. Pricing. Overall pricing was up 14.5% compared to the second quarter of last year, and up for most property types: rising a whopping 32% for single‑family homes, 4% for multi‑families, and 11% for condos. The exception […]
Rand Country Blog

Second Quarter 2019: Real Estate Market Report – Hudson County, New Jersey

After sizzling throughout 2018, the Hudson County housing market continued to slow down in the second quarter of 2019. Sales were down over 6% overall from last year’s second quarter, and now down 6% for the rolling year. But this decline in sales did not have a dramatic effect on pricing, which was up about 4% overall and rising across the […]
Rand Country Blog

Second Quarter 2019: Real Estate Market Report – Sussex County, New Jersey

The Sussex market slowed considerably in the second quarter, with sales down even while pricing was more positive. Transactions were down sharply, falling 13% for the quarter and now down over 8% for the rolling year. But the drop in sales clearly did not indicate a lack of demand, with median pricing up over 5% for the quarter and almost 4% […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Westchester County, New York The Westchester housing market was the quintessential “Tale of Two Markets” in the second quarter of 2019, with single-family homes struggling while condo and coop sales soared. Single-family home sales were down, continuing a trend we have been watching since the 2018 Tax Reform’s cap on state and local tax deductions (“SALT Cap”). As we expected, the SALT Cap has […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Bronx County, New York Strong demand in the Bronx housing market in the second quarter of 2019 drove pricing up even while limited inventory stifled sales growth. Pricing. Overall pricing was up 14.5% compared to the second quarter of last year, and up for most property types: rising a whopping 32% for single‑family homes, 4% for multi‑families, and 11% for condos. The exception […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Hudson County, New Jersey After sizzling throughout 2018, the Hudson County housing market continued to slow down in the second quarter of 2019. Sales were down over 6% overall from last year’s second quarter, and now down 6% for the rolling year. But this decline in sales did not have a dramatic effect on pricing, which was up about 4% overall and rising across the […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Sussex County, New Jersey The Sussex market slowed considerably in the second quarter, with sales down even while pricing was more positive. Transactions were down sharply, falling 13% for the quarter and now down over 8% for the rolling year. But the drop in sales clearly did not indicate a lack of demand, with median pricing up over 5% for the quarter and almost 4% […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Essex County, New Jersey Sales in the Essex housing market went up again in the second quarter of 2019, and finally started to drive some meaningful price appreciation. Sales rose over 8% for the quarter, and finished the rolling year up over 5%. And this sustained increase in sales is finally having an impact on pricing, which was up over 2% on average […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Morris County, New Jersey The Morris County housing market stumbled through the second quarter of 2019, with both prices and sales down slightly. Transactions were down almost 5% from last year’s second quarter, finishing a rolling year in which they were down almost 4%. Pricing was generally flat, with the average price falling about 1% for the quarter, almost perfectly flat for the rolling year. […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Passaic County, New Jersey Sales in the Passaic housing market slowed down in the second quarter of 2019, even while strong demand continued to push prices up. We continue to clear signs of a thriving seller’s market. Prices are still going up, with the average price rising almost 1% for the quarter and over 3% for the rolling year. And while relatively low levels […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Northern New Jersey Sales growth in the Northern New Jersey housing market was suppressed by both a continued lack of inventory and the impact of the 2018 Tax Reform SALT Cap, but we did see modest but meaningful price appreciation in many county-wide markets. We believe that the market is still poised for both sales and price growth in what will be […]

Rand Country Blog Second Quarter 2019: Real Estate Market Report – Bergen County, New Jersey The Bergen County housing market was flat through the second quarter of 2019, with both sales and pricing tracking close to last year. Single‑family home sales were down about 2%, while condo sales were up about 2%. Similarly, pricing was mixed, with both single‑family home and condo prices falling about 1% on average. We believe that the market is […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Northern New Jersey The Northern New Jersey housing market slowed a bit in the first quarter of 2019, with sales down and prices flat. But we believe that the market is still poised for sales growth and price appreciation in what will be a relatively robust spring market. Regional sales were down, but the results varied by county. […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Lower Hudson Valley, NY The housing market in Westchester and the Hudson Valley was a “tale of two markets” in the first quarter of 2019, with a sharp divergence between higher-priced and lower-priced counties. But we believe that the market is still poised for sales growth and price appreciation in what will be a relatively robust spring market. Regional […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Bergen County, NJ The Bergen County housing market coasted through the first quarter of 2019, with prices flat but sales up modestly. For the quarter, single-family sales rose almost 3%, but the average price was down just a tick. The single-family market has been slowly cruising along for the past year, with little sales growth and only about […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Bronx County, NY The Bronx housing market stumbled in the first quarter of 2019, slowing after torrid growth throughout most of 2018. Sales were down sharply for most property types, and prices were mixed. Going forward, we will be watching to see if this trend continues in the traditionally robust spring market, but believe that the fundamentals of […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Dutchess County, NY Pricing in the Dutchess housing market soared again in the first quarter, with single-family home prices spiking from high demand and limited inventory. Average prices were up almost 19% from the first quarter of last year, and over 11% for the rolling year. We caution readers, though, not to read too much into that data, […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Essex County, NJ Sales in the Essex housing market went up again in the first quarter of 2019, but this increase in buyer demand had a middling effect on pricing. Sales rose over 5% for the quarter, and finished the rolling year up almost 4%. But pricing was mixed: for the quarter, the average price was down over […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Hudson County, NJ After sizzling throughout 2018, the Hudson County housing market slowed dramatically in the first quarter of 2019, with sales down sharply and price appreciation diminishing. Sales were down almost 15% overall from last year’s first quarter, and down for each property type. And pricing was relatively mixed compared to last year’s first quarter, with the […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Morris County, NJ The Morris County housing market slowed down in the first quarter of 2019, with sales falling sharply. Transactions were down almost 12% from last year’s first quarter, finishing a rolling year in which they were down almost 4%. We still saw some modest price appreciation, with the average price rising about 2% for the quarter, […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Orange County, NY The Orange County housing market continued to grow in the first quarter of 2019, with both sales and prices up in what is now a thriving seller’s market. Low levels of single-family inventory continued to stifle sales growth, with sales only rising about 1% for the quarter and just a tick for the year. But […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Passiac County, NJ The Passaic housing market continued to grow in the first quarter of 2019, with prices up again even while low levels of inventory constricted sales growth. We are seeing clear signs of a thriving seller’s market. Prices continue to go up, with the average price rising over 3% for the quarter and over 4% for […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Putnam County, NY The Putnam housing market got off to a relatively soft start to the year, with both sales and prices falling in a slow first quarter of 2019. Single family home sales were down almost 5%, and average prices were down almost 4%, from the first quarter of last year, maybe as a result of a […]

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