Area housing sales rise in August
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- September
- 21
The collapse of the housing bubble has hit overbuilt states such as Florida, Nevada and California particularly hard as shown by the large inventories of unsold homes in those states.
Yet the outlook for real estate appears to be better in the lower Hudson Valley.
According to figures released by the New York State Association of Realtors, local counties saw home sales climb in August, bucking the downard trend statewide.
Sales of existing single-family homes totaled 682 in Westchester last month, up 4.6 percent from a year earlier. In Rockland County, sales of 166 homes were up 0.6 percent, and in Putnam County, sales of 82 homes climbed 1.2 percent. Statewide, sales of single-family homes dropped 7.6 percent.
The outlook for housing prices was mixed in area counties. The median sales price for a single-family home in August was $730,000 in Westchester (down 2.6 percent), $531,500 in Rockland (up 8.5 percent) and $407,500 in Putnam (up 1.2 percent).
This entry was posted
on Friday, September 21st, 2007 at 1:10 pm by Jay Loomis.
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