Region’s home sales fall again
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- December
- 28
Existing home sales fell across the Lower Hudson Valley and most of New York in November, putting more pressure on sellers to lower prices.
Steep sales declines of 22.2 percent in Putnam and 20.7 percent in Rockland coincided with decreases in median sales prices in both counties.
Putnam’s median fell 2.7 percent to $403,950 in November from $415,000 a year earlier. Rockland’s median tumbled 6.6 percent to $449,950 from $482,000.
Westchester County’s sales were also down — 3.1 percent in November, but its median sales price rose 7.6 percent to $640,000, up from $595,000. Westchester’s median was New York state’s highest among 57 of 62 counties reporting, according to the New York State Association of Realtors.
Schoharie County in central New York state, west of Albany, was the month’s hottest market with the biggest increase in sales and median sales price. The county’s median sales price surged 135.8 percent to $359,125 from $152,300 as sales jumped 66.7 percent.
Schuyler County in western New York had the state’s biggest decline, where the median fell 37.4 percent to $87,000 from $139,000.
The median sales price statewide was down 11.2 percent to $215,000 from $242,100 in November 2006 as sales declined 15.6 percent.
The data are collected from local Multiple Listing Services by the state Realtors association. Four counties — Bronx, Franklin, Hamilton and New York — do not participate in the survey, and November 2007 results were unavailable from Greene County.
The November 2007 results are reported as preliminary, though the Realtors rarely note revisions in subsequent months.
This entry was posted
on Friday, December 28th, 2007 at 5:22 pm by Frank Brill.
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