Rockland County First Quarter Real Estate Market Report - 04/23/08 12:42 PM
SO WHAT'S GOING ON IN THE MARKET?
1.  Units are way down, signaling the end of the transitional market.Units were way down in the first quarter down 30-35% in each county.  Why is that?  Because we're seeing the last gasp of the "transitional market" between the seller's market that effectively ended at the end of 2005, and the buyer's market we're going to have this year.  In a transitional market, sellers cling to the idea that their homes are still appreciating, so they're reluctant to drop their prices even while their homes sit on the market longer. And buyers don't want to … (0 comments)

 

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