Wednesday, April 10, 2019

  

Home sales dip in first quarter

MID-HUDSON – The number of single-family homes sold in the Hudson-Gateway Association of Realtors’ area declined in the first quarter of the year.

Rockland County was the only one to see an increase. The others, Orange, Sullivan, Westchester and Putnam, all fell short of first-quarter 2018 levels.

Home sales in Rockland County grew by eight percent.  They declined by 13.6 percent in Sullivan County, by 10.1 percent in Putnam County, by 5.6 percent in Westchester County and by three percent in Orange County.

Realtors’ association President Ron Garafalo said the biggest reason for the decline was a shrinking inventory of homes that were available for sale.

“Many buyers are having difficulty finding a home, or if they do find a home, we are still in a situation that some of the buyers we are working with are in a multiple offer situations so they are not getting homes, so hence, we are starting to see a slight increase because buyers are not able to get what they want because our inventory is low,” Garafalo said.

 

 

  Copyright © 2018 Mid-Hudson News Network, a division of Statewide News Network, Inc.
This story may not be reproduced in any form, by any media, without express written consent. 
This includes rewriting, broadcasting and/or printing of material from MidHudsonNews.com,
by websites, radio and television stations, newspapers or other media
 

 


HEAR today's news on MidHudsonRadio.com, the Hudson Valley's only Internet radio news report.