
March 2009 - Update to this article. Obviously, things did not turn around as we had hoped .... so this spring we watch and wait yet again.
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ROCKLAND REAL ESTATE MARKET REPORT
APRIL 2008 ~ 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 !