Rockland County NY Housing Statistics

Dated: March 14 2011

Views: 4396

Hello, Readers, There is some really interesting information I'd like to pass along to you. If you are a buyer, you may conclude that acting now is in your best interest. If you are a seller, you may smile a bit as well. For the month of February the GHVMLS reports that the number of closed sales of residential units increased from 51 units in February 2010 to 75 units in Feb 2011 - that is a 68% increase in units. The average selling price increased from 423,081 to 427,688. The average number of days a home was on the market also decreased slightly from 106 to 100, also a good sign. Perhaps the most significant stat is that the number of total available properties has dropped from 1217 to 1098. In the industry we like to see less inventory, as that keeps the market healthier and more balanced. The condominium market has not rebounded for February WITH REGARD TO UNITS SOLD, down from 28 in Feb 10, to 21 in Feb 2011. But do not fret, as the average sales price has increased from 227,689 to 236,967 - so some mixed news there. Remember that every buyer of property instantly becomes a homeowner upon closing, so we ALL should want this trend to continue. A slow appreciation in values means a healthy market. These stats were provided by GHVMLS
Blog author image

Russ Woolley

Russ Woolley, President of Wright Bros. Real Estate, has been a driving force within the Rockland County real estate industry for 28 years. A Rockland native, Russ was the 2002 President of the Rockla....

Want to Advertise on this Site?

Latest Blog Posts

NYACK EMBRACES DRY JANUARY

Dry January is a phenomenon that is sweeping the world. It was started in 2013 in Great Britain by the charity Alcohol Concern. British celebrities Alastair Campbell and Peter Osborne decided to

Read More

8 Thoughts On Keeping Resolutions

1.Be realistic.Making too many resolutions only sets you up for failure and discouragement. Limit your resolve to the one or two most important goals you would like to achieve in the New Year. And

Read More

2021 Housing Forecast

Some Highlights Experts project an optimistic year for the 2021 housing market. With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue

Read More

NYACK PREDICTED TO EXPERIENCE A WET AND COLD WINTER

Winter 2020-2021 may be colder and wetter in Nyack.New York should see colder-than-average temperatures with increased precipitation. “ With La Nina well established and expected to

Read More
Fair Housing Icon NY Fair Housing Notice