Rand Country Blog

Rand Country Blog

Real Estate Market Report: 2nd Quarter 2018 – Putnam County, NY

Low levels of inventory in Putnam continued to stifle sales in the second quarter, even while pushing prices up to post‑correction highs. Sales of houses were down over 4% for the quarter, and now down almost 2% for the year, reflecting the lack of available supply on the market. But high levels of demand, coupled […]
Rand Country Blog

Real Estate Market Report: 2nd Quarter 2018 – Orange County

Pricing in Orange’s housing market exploded again in the second quarter, driven by high demand and low supply. Unlike the other Hudson Valley counties, sales were actually up, with house sales rising 3% for the quarter and 6% for the year. Condo sales were down for the quarter, but were still up almost 10% for […]
Rand Country Blog

Real Estate Market Report: 2nd Quarter 2018 – Rockland

Activity in Rockland’s housing market continued to be shackled by low levels of inventory in the second quarter, which drove sales down again, even while pushing prices up sharply. Transactions fell almost 10% for houses and 13% for condos, the largest drops since the market correction almost 10 years ago. As a result, pricing is […]
Rand Country Blog

Real Estate Market Report: 2nd Quarter 2018 – Westchester

Westchester’s lack of inventory again held back sales while driving pricing up in the second quarter. Sales fell for the fourth quarter out of the last five, with activity dropping by almost 5% for houses, 13% for coops, and almost 9% for condos. But high levels of demand, coupled with this depleted supply, continued to […]

Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Putnam County, NY Low levels of inventory in Putnam continued to stifle sales in the second quarter, even while pushing prices up to post‑correction highs. Sales of houses were down over 4% for the quarter, and now down almost 2% for the year, reflecting the lack of available supply on the market. But high levels of demand, coupled […]

Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Orange County Pricing in Orange’s housing market exploded again in the second quarter, driven by high demand and low supply. Unlike the other Hudson Valley counties, sales were actually up, with house sales rising 3% for the quarter and 6% for the year. Condo sales were down for the quarter, but were still up almost 10% for […]

Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Rockland Activity in Rockland’s housing market continued to be shackled by low levels of inventory in the second quarter, which drove sales down again, even while pushing prices up sharply. Transactions fell almost 10% for houses and 13% for condos, the largest drops since the market correction almost 10 years ago. As a result, pricing is […]

Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Westchester Westchester’s lack of inventory again held back sales while driving pricing up in the second quarter. Sales fell for the fourth quarter out of the last five, with activity dropping by almost 5% for houses, 13% for coops, and almost 9% for condos. But high levels of demand, coupled with this depleted supply, continued to […]

Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Lower Hudson Valley (New York) The regional housing market in the New York City northern suburbs surged again in the second quarter of 2018, with high demand and low supply driving prices up throughout the area. We are clearly in a “seller’s market.” The main story in the market right now is a textbook illustration of basic economic principles: when […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Hudson County, NJ Hudson County’s lack of inventory had its expected impact, driving sales down sharply but prices up dramatically in a strong first quarter. Although overall sales for all property types were up 1.6% from the prior rolling year, they were down 9% from last year’s first quarter, dropping for the first time in over three years. […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Sussex County, NJ Sales in the Sussex market continued to surge in the first quarter, rising almost 7% and marking over three straight years of increasing transactions. This demand continues to winnow down the inventory, which was down almost 22% and is now getting close to the six‑month level that usually denotes the beginning of a seller’s market. […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Essex County, NJ Growth in the Essex market was stifled by a lack of inventory, which was down over 17% from last year and kept sales relatively flat. But increasing demand chasing fewer homes for sale drove prices up, with the average and median both rising about 2%. We’re now seeing sustained appreciation in Essex, with the yearlong […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Morris County, NJ The Morris market cruised through the first quarter, with increases in both sales and prices. Even an almost 20% drop in inventory did not hold sales back, with closings up over 4% from last year. But that lack of inventory did have its expected impact on pricing, which was up over 3% for both the […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Passaic County, NJ Passaic sales growth was stifled by a lack of available homes for sale, which fell over 21% and is now down to 5.3 months of inventory. That lack of inventory drove sales down almost 4%, but also had a dramatic impact on pricing, which was up almost 6% on average and 7% at the median. […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Bergen County, NJ Growth in the Bergen market was stifled by a lack of inventory, which suppressed sales even while it drove meaningful price appreciation. Sales were down for both property types, falling 5% for single-family homes and over 13% in condos. This was not due to a lack of demand, but a lack of supply, as inventory […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Northern New Jersey The housing market in the Northern New Jersey suburbs of New York City has become a fully‑realized seller’s market, with declining inventory stifling sales growth while driving meaningful price appreciation throughout the region. The regional market continues to suffer from a lack of inventory. The number of homes available for sale compared to last year […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Dutchess County, NY Dutchess single‑family home sales were down sharply in the first quarter, a consequence of a lack of inventory unable to meet strong demand. That’s why prices were up dramatically, rising over 10% for single‑family and almost 18% for condos. This kind of appreciation is probably not sustainable, but the yearlong numbers are also good, with […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Putnam County, NY Putnam’s housing market exploded in the first quarter, with sales and prices sharply up. Inventory continues to fall, which will likely suppress sales in the spring market but should continue to put pressure on prices. Although the eye-popping quarterly 10% average and 9% median sales price increases are not sustainable, the yearlong appreciation of 5% […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Orange County, NY Orange’s housing market was stifled by a lack of inventory, which fell 23% and is now down to 4.7 months. But continued demand drove average prices up sharply, rising almost 5% for single‑family and almost 8% for condos for the first quarter. We’re now seeing sustained price appreciation, with average prices up 4% for single-family […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Rockland County, NY Rockland’s housing market was absolutely stifled in the first quarter by a depleted inventory, which was drove sales down almost 19%. Rockland demand is high, which is why single‑family prices were up across the board: almost 6% on average, over 2% at the median, and a whopping 10% in the price‑per‑square‑foot. Average prices for the […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Westchester County, NY Westchester’s activity was again stifled by a depleted inventory, which drove sales down in single‑family homes and held them flat for condos and coops. Prices were mixed, with average prices down 3% for single‑family homes and 4% for condos, even while the entry level coop market soared, rising almost 13%. Over the full year, though, […]

Rand Country Blog Real Estate Market Report: 1st Quarter 2018 – Lower Hudson Valley (NY) The housing market in the New York City northern suburbs of Westchester and the Hudson Valley has become a fully‑realized seller’s market, with declining inventory stifling sales growth while driving meaningful price appreciation throughout the region. The regional market continues to suffer from a lack of inventory. The number of homes available for sale compared […]

Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Sussex County Overview Activity in the Sussex County housing market surged yet again in the fourth quarter of 2017, with sales up sharply even while prices continued to struggle. Sales. Sussex sales were up yet again in the fourth quarter, rising over 18% from last year and now up over 22% for the year. And the 2,348 sales […]

Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Essex County Overview The Essex County housing finished 2017 strong, with solid increases in both sales and prices. Sales. Essex sales activity was up again, rising almost 6% from the fourth quarter of last year. And for the full year, sales were up over 8%, hitting over 5,000 sales. This represented the largest yearly total since the height […]

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