Orange County home sales outpace rest of region


MID-HUDSON – First quarter sales of single-family homes in Orange County were 32.7 percent higher than the same period last year, making the county the highest producing of the four that comprise the Hudson Gateway Association of Realtors.
In figures released Monday, Putnam County trailed right behind with a 31.5 percent increase while Rockland County experienced a 16.6 percent growth and Westchester saw 11.2 percent increase in sales.
In total, the association reported 3,391 closed residential transactions during the first three months, an increase of 530 sales of 18.5 percent above the same period last year.
The realtors’ group said the burst of closings largely results from market activity that took place during the winter months of 2015 and the first few weeks of 2016.
During the January through March period, condominium sales in Orange County rose by 43.1 percent, by 21.4 percent in Putnam County, by 15.7 percent in Westchester and by 8.9 percent in Rockland.
Median sale prices rose in Putnam and Orange counties, but fell in Westchester and Rockland.
Prices rose by 10.5 percent in Putnam, to $300,000. They increased by 2.1 percent, to $215,000m in Orange County.
Prices fell by 5.0 percent, to $569,950, in Westchester, and by 0.3 percent, to $399,000, in Rockland. 

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