Existing home sales plunge in Rockland, Westchester
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- March
- 27
The effects of the downturn in real estate markets nationwide reached the Lower Hudson Valley with a vengeance in February as sales of existing homes plunged in both Rockland and Westchester counties. Rockland’s sales were down 38.6 percent as the median sales price declined 10.7 percent to $436,500 from $489,000. Sales in Westchester dropped 22.1 percent as the median fell 7.9 percent to $607,500 from $659,500.Putnam County’s real estate market continued to show strength, however, as it had in January, according to the state’s Realtors association, which collects the data. The county’s median sales price rose 6.3 percent to $425,000 from $400,000.To search a statewide database of existing home sales trends for February, click here.
This entry was posted
on Thursday, March 27th, 2008 at 5:10 pm by Frank Brill.
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