Heres my current view of what the markets are doing. These numbers are for listings and sales ALL OVER Rockland County, not just one specific town, but in my opinion they give a very good picture of what our local real estate market is doing.
Well here they are folks, hot off the press. The March numbers. Ive been anxiously awaiting these numbers. I checked every single day this month for the March figures. It takes about 3 weeks for the figures to arrive from the previous month.
and ..... drumroll please ¦ here they are.
The good news is that almost across the board, weve seen improvement. The bad news of course is that we reall dont need any more inventory, but after all, it is only April. Keep in mind too that although we saw more properties close in January, those were sales most likely made back in the fall.
Therefore, in my view, this is a very positive sign!
Property
Year
Existing
New
Avg
Offers
Sales
Avg
Median
%
Avg
Type
Month
Inventory
Listings
List Price
Pending
Closed
SP
Sold Price
SP/LP
DOM
Houses
Mar-08
1650
319
652,316
102
72
513900
462,500
96.4
115
Houses
Feb-08
1558
264
662,952
98
62
488,364
436,500
94.7
137
Houses
Jan-08
1569
290
655,138
75
81
563,806
475,000
94.8
123
Condo
Mar-08
513
120
342,618
36
25
278,612
290,000
94.3
141
Condo
Feb-08
489
101
353,722
31
40
288,671
269,900
93.5
114
Condo
Jan-08
444
85
344,954
34
38
252,605
249,000
94.1
116
DOM = Days on the Market before an offer came in
Figures compiled from The Greater Hudson Valley Multiple Listing Service March Monthly Comparision Report.
So Let a smile be your umbrella, the suns beginning to shine !
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Angela Fish Chan, Broker/Owner
Nanuet, NY
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So Let a smile be your umbrella, the suns beginning to shine !
