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News of the Real Estate Market Is Robust
During the last quarter of the year, any homebuyer prospect can tell you that it hasn’t been a sure thing that you can get the house you’ve set your cap on. In today’s market, if a house is priced right and is in good condition, it doesn’t last long on the market. Further, we’ve seen the return of multiple offers and bidding wars as buyers have returned to the game and inventory has remained tight.
According to a report released last Thursday by the Hudson Gateway Association of Realtors (HGAR) which reports on real estate sales in Westchester, Putnam, Rockland and Orange Counties, home sales in this region continued to be rigorous in volume and moderate price changes through the third quarter, representing an increase of 15.2% in home sales over the third quarter results of last year.
Specifically in Westchester, the sales of single family homes increased during this period from 1,935 units to 2,065, or 6.7%. Sales of condos jumped significantly from 330 units to 403, an increase of 22.1% and co-ops jumped from 481 units to 546, an increase of 13.5%.
In Putnam, sales were more dramatic with single family homes increasing from 233 to 275 units or 18 %, ... more

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