Rockland County NY Housing Statistics

Dated: 03/14/2011

Views: 4364

Hello, Readers, There is some really interesting information I'd like to pass along to you. If you are a buyer, you may conclude that acting now is in your best interest. If you are a seller, you may smile a bit as well. For the month of February the GHVMLS reports that the number of closed sales of residential units increased from 51 units in February 2010 to 75 units in Feb 2011 - that is a 68% increase in units. The average selling price increased from 423,081 to 427,688. The average number of days a home was on the market also decreased slightly from 106 to 100, also a good sign. Perhaps the most significant stat is that the number of total available properties has dropped from 1217 to 1098. In the industry we like to see less inventory, as that keeps the market healthier and more balanced. The Condominium market has not rebounded for February WITH REGARD TO UNITS SOLD, down from 28 in Feb 10, to 21 in Feb 2011. But do not fret, as the average sales price has increased from 227,689 to 236,967 - so some mixed news there. Remember that every buyer of property instantly becomes a homeowner upon closing, so we ALL should want this trend to continue. A slow appreciation in values means a healthy market. These stats were provided by GHVMLS
Blog author image

Russ Woolley

Russ Woolley, President of Wright Bros. Real Estate, has been a driving force within the Rockland County real estate industry for 28 years. A Rockland native, Russ was the 2002 President of the Rockla....

Want to Advertise on this Site?

Latest Blog Posts

Build Your Dream Home In Upper Nyack

Great parcel of land for privacy and nature lovers to build your dream home in Upper Nyack. Very close to Hook Mountain Park with a trail along Hudson River, schools, shopping, only a few

Read More

Giant Snappers Seen Crossing Nyack Roads

Mother snapping turtles all over Rockland  are crossing roads in large numbers. There are so many crossing Western Highway in West Nyack and Blauvelt that signs have been erected.  There

Read More

Divorce And CoParenting During COVID

For the uninitiated, divorce rate and Covid-19 might sound mutually exclusive.But as the world grapples with the Coronavirus pandemic, daily life has been turned upside-down.People across

Read More

Creating Your Own Personal Meditation Space

Practicing meditation is all about finding inner peace and investing in the wellness of your mind, body, and spirit for a few minutes each day. It’s important to take the time to focus on nothing

Read More