How Is the Hudson Valley Housing Market? A Look at the Numbers

This peek at third-quarter 2017 statistics for four counties, from Better Homes and Gardens Rand Realty, tells the story.


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Key Trends

(compared to same period in 2016)

Inventory across the board is down about 23 percent, which is strengthening demand for homes. As a result, sales prices are beginning to rise.

Sales in general are at a high level not seen since the seller’s market of 2005.

 

Single-Family Home Median Sales Price

Rockland: $435,000, up 3.6%

Orange: $237,000, up 5.3%

Putnam: $325,000, no change

Dutchess: $262,000, up 3.1%

 

Condominium and Co-op Median Sales Price

Rockland: $227,950, up 3.6%

Orange: $152,500, up 5.2% 

Putnam: $209,500, down 4.3%

Dutchess: $182,000, up 5.8%

 

Total Units Closed

Rockland: 2,097, up 1.5%

Orange: 3,722, up 9.5%

Putnam: 1,031, down 5%

Dutchess: 2,383, down 2.2%

 

Single-Family Home Price Per Square Foot

Rockland: $213, up 4.9%

Orange: $125, up 1.6%

Putnam: $177, up 0.3%

Dutchess: $164, down 6.2%

 

Single-Family Home Average Days on Market

Rockland: 167, down 6.7%

Orange: 187, down 7.9%

Putnam: 177, down 9.9%

Dutchess: 114, up 2.5%


Source: Better Homes and Gardens Rand Realty.

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