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Hudson Valley Home Sales Rise While Inventory Falls

Total-Residential-Sales-2017-Q1
From Real Estate In-Depth

WHITE PLAINS— High sales rates, a sharp decline in inventory, and an uneven pattern of price increases across the region marked 2017’s first quarter entry to the real estate market recovery of the past five years, according to the recently released “2017 First Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange Counties, New York” report authored by the Hudson Gateway Multiple Listing Service Inc. Realtors participating in the HGMLS, a subsidiary of the Hudson Gateway Association of Realtors, Inc., reported a grand total of 3,700 closed transactions in the four-county region during the first three months of 2017, a 9.1% increase or 309 units more than last year’s first quarter results. The closings largely resulted from sales and market activity during the winter months of 2016 and early 2017, and comprised single-family houses, condominiums, cooperatives and 2-4 family houses……….

Read the Full Article at: Hudson Valley Home Sales Rise While Inventory Falls

Rising sales and rising prices, coupled with low inventory, makes this a great season to sell your home. If you are thinking of selling, either Email Me or call me at 914-960-3837

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