Rand Country Blog

Rand Country Blog

First Quarter 2019: Real Estate Market Report – Westchester County, NY

The Westchester housing market stumbled through the first quarter of 2019, with both sales and prices down sharply. Sales dropped almost 5% for the first quarter and 4% for the rolling year, continuing a trend we have been watching since the enactment of the 2018 Tax Reform’s cap on state and local tax deductions […]
Rand Country Blog

First Quarter 2019: Real Estate Market Report – Sussex County, NJ

Pricing in the Sussex market surged yet again in the first quarter of 2019, even while falling inventory suppressed sales growth. Transactions were down sharply, falling almost 12% for the quarter and now down over 2% for the rolling year. But the drop in sales clearly did not indicate a lack of demand, with average […]
Rand Country Blog

Fourth Quarter 2018: Real Estate Market Report – Hudson County, NJ

The Hudson housing market surged yet again in the fourth quarter, with prices rising across the board. Overall sales for the county were down almost 11% from last year’s fourth quarter, with both multi‑family and condo sales falling sharply due to the lack of inventory available on the market. Indeed, for the 2018 year, sales […]
Rand Country Blog

Fourth Quarter 2018: Real Estate Market Report – Sussex County, NJ

Pricing in the Sussex market surged yet again in the fourth quarter, even while falling inventory held sales down. Transactions were down sharply, falling almost 12% for the quarter, but finishing the year up almost 2%. But the drop in sales clearly did not indicate a lack of demand, with prices spiking across the board: […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Westchester County, NY The Westchester housing market stumbled through the first quarter of 2019, with both sales and prices down sharply. Sales dropped almost 5% for the first quarter and 4% for the rolling year, continuing a trend we have been watching since the enactment of the 2018 Tax Reform’s cap on state and local tax deductions […]

Rand Country Blog First Quarter 2019: Real Estate Market Report – Sussex County, NJ Pricing in the Sussex market surged yet again in the first quarter of 2019, even while falling inventory suppressed sales growth. Transactions were down sharply, falling almost 12% for the quarter and now down over 2% for the rolling year. But the drop in sales clearly did not indicate a lack of demand, with average […]

Rand Country Blog Fourth Quarter 2018: Real Estate Market Report – Hudson County, NJ The Hudson housing market surged yet again in the fourth quarter, with prices rising across the board. Overall sales for the county were down almost 11% from last year’s fourth quarter, with both multi‑family and condo sales falling sharply due to the lack of inventory available on the market. Indeed, for the 2018 year, sales […]

Rand Country Blog Fourth Quarter 2018: Real Estate Market Report – Sussex County, NJ Pricing in the Sussex market surged yet again in the fourth quarter, even while falling inventory held sales down. Transactions were down sharply, falling almost 12% for the quarter, but finishing the year up almost 2%. But the drop in sales clearly did not indicate a lack of demand, with prices spiking across the board: […]

Rand Country Blog Fourth Quarter 2018: Real Estate Market Report – Essex County, NJ Sales in the Essex housing market went up again in the fourth quarter, but this increase in buyer demand had a middling effect on pricing. Sales rose almost 4% for the quarter, and finished the year up over 2%. But pricing was mixed: for the quarter, the average price was down over 4%, even while […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Morris County, NJ The Morris housing market finished the year with a welcome burst of price appreciation, the result of low levels of inventory, coupled with strong buyer demand. After a surprising pricing decline in the third quarter, prices came back in the fourth, rising almost 3% on average and 5% at the median. That helped Morris close […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Passaic County, NJ Pricing in the Passaic housing market surged in the fourth quarter, closing a robust year in which low levels of inventory suppressed sales, even while driving prices up. Inventory is still falling, dropping over 23% from last year and now down below the six‑month level that usually denotes a seller’s market. And we’re seeing that […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Bergen County, NJ The Bergen housing market saw meaningful price appreciation in the fourth quarter, even while a lack of inventory continued to stifle sales growth. Sales were mixed, with single‑family homes down 4%, even while condos were up 3%. For the full 2018 year, sales in both houses and condos were down slightly, the result of constricted […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Northern New Jersey Pricing in the housing market in the Northern New Jersey suburbs of New York City continued to appreciate in the fourth quarter of 2018, even while low levels of inventory suppressed sales growth throughout the region. The regional market continues to suffer from a lack of supply. The number of homes available has settled at […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Bronx, NY With Better Homes and Gardens Rand Realty’s recent expansion into the Bronx, we are delighted to present the Rand Quarterly Market Report for Bronx County. We have been providing these quarterly market analyses for almost 15 years for the markets we service, which include Westchester and the Hudson Valley, Northern New Jersey, and now the […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Dutchess County, NY Pricing in the Dutchess housing market soared again in the fourth quarter, with prices rising from high demand and limited inventory. Sales were down, just as in the rest of the region, with low levels of inventory holding back the market. But prices were up across the board: single‑family home prices rose over 12% on […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Putnam County, NY Putnam continues to show every sign of a thriving seller’s market, with low levels of inventory stifling sales growth but driving meaningful price appreciation. For the quarter, sales were down just a tick, but prices were up over 3% on average and almost 6% at the median. And that strong quarter closed a robust 2018, […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Orange County, NY The Orange housing market closed the best year for homeowners since the financial crisis 10 years ago, with the full‑year pricing up sharply for both single‑family homes and condos. Orange is now in a fully realized seller’s market, with low levels of inventory holding back sales, even while driving robust price appreciation. For the full […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Rockland County, NY The Rockland seller’s market continues to be constricted by low levels of inventory, which are holding back sales, even while driving prices up. Single‑family home sales were down sharply in the fourth quarter, falling almost 14%, finishing a full year in which they fell almost 11%. But prices were up, rising a tick on average […]

Rand Country Blog Fourth-Quarter 2018: Real Estate Market Report – Westchester County, NY The Westchester housing slowed slightly in the fourth quarter of 2018, particularly in the higher‑priced segments of the market, perhaps as a result of the Tax Reform cap on state and local tax deductions. For the quarter, sales of single‑family homes fell almost 6%, and pricing was mixed: down about 2% on average, up a […]

Rand Country Blog Fourth Quarter 2018: Real Estate Market Report – Lower Hudson Valley, NY Sales in Westchester and the Hudson Valley housing markets were down throughout the region, even while high buyer demand, coupled with low levels of inventory, drove meaningful price appreciation in most of the regional markets. Sales were down throughout the region. Regional transactions fell across the board in the fourth quarter, dropping almost 7% for […]

Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Hudson County, NJ The Hudson County housing market surged yet again in the third quarter, with prices rising overall and particularly for multi‑family and condo properties. Overall sales for the county were down almost 8% from last year’s third quarter, with both multi‑family and condo sales falling sharply due to the lack of inventory available on the market. […]

Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Sussex County, NJ The Sussex market surged yet again in the third quarter, with small increases in sales coupled with a dramatic jump in pricing. Transactions were only up about 2% for the quarter, but that finished a year where sales rose over 9%. That’s a pretty robust showing compared to other markets in the region. This strong […]

Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Essex County, NJ The Essex housing market experienced a strong third quarter, with both sales and prices rising in what is now a pretty robust seller’s market. Sales were up over 5% for the quarter, finishing a year in which they rose about 3%. That’s not a torrid transactional pace, but compared to other counties in the market, […]

Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Morris County, NJ The Morris County housing market contained a series of contradictory indicators in the third quarter, with sales up, prices down, and the negotiability metrics suggesting increased leverage for sellers. Unlike most of the higher‑end markets in the region, Morris actually experienced sales growth, with sales up over 3% for the quarter, and the rolling-year totals […]

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