Home prices sales, prices drop in June
Median prices of existing homes declined by double-digits in June as sales plunged across the Lower Hudson Valley from a year earlier.
The regional downturn in Westchester, Rockland and Putnam counties was worse than the decline in New York state overall.
The median sales price statewide was down 10.6 percent to $219,000 from $245,000 in June 2007.
Locally, the median dropped the most in Putnam, where it was down 18.2 percent to $347,500 as sales fell 28.6 percent.
Westchester’s median was lower by 12.2 percent to $675,000 in June as sales plunged 30.7 percent. Despite the decline, Westchester still had the highest median sales price among 58 counties reporting results to the New York State Association of Realtors.
Rockland’s median fell 13.6 percent to $445,000 as sales were off by 28.8 percent the pace from a year earlier.
Sales were down in 49 counties and up in 8 and unchanged in one among the counties reporting.
Four counties â€” Bronx, Franklin, Hamilton and New York â€” do not participate in the Realtorsâ€™ survey. June 2008 figures were also unavailable from Greene County.
The June 2008 results are reported as preliminary, though the Realtors rarely note revisions in subsequent months.