Friday, January 12, 2018

 

 

 

Orange County tops 2017 home sales in four-county region

WHITE PLAINS – Home sales in Orange County grew by just over 11 percent in 2017 as compared to the previous year, according to the Hudson Gateway Association of Realtors.

The figures represent sales of single-family, condos, co-ops and 2-4 family homes.

Sales grew in Rockland County by 8.6 percent last year, but they dropped by just under seven percent in Putnam County and by just under one percent in Westchester.

Median sale prices for single-family homes grew by 6.2 percent in Orange County while they rose by 3.9 percent in Putnam, by 3.5 percent in Rockland, and by 3.1 percent in Westchester.

The only immediate cloud on the horizon appears to be the low inventory in the entire market region. It was down by 20 percent in Orange County, by 18 percent in Rockland, and by 12 percent in Westchester and Putnam.

The Realtors’ group said given the overall strength of the market in 2017, there is reason for optimism that the momentum will carry over into 2018.


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