Real estate sales surged in the second quarter of 2015, eclipsing last year’s second quarter sales by 14.8%. Realtors participating in the Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of Realtors, Inc., reported a grand total of 3,669 closed residential transactions in the MLS’s four-county service territory, 474 more than last year. The transactions included single-family houses, condominiums, cooperatives, and 2-4 unit multi-family houses, and generally reflected listing and marketing activity that took place during the opening months of the year.

The strong second quarter performance built on the first quarter’s results, which itself had posted a gain of 12.1% over 2014’s level. On a year-to-date basis there were 6,460 sales constituting an increase of 12.4% over last year’s half-year results…

The main engine for sales volume in the Hudson Gateway region is Westchester County. During the second quarter the county accounted for 2,183 sales or about 60% of the region’s total. All four property types tracked by the MLS showed healthy sales increases ranging from 8.4% for single family houses to 59% for multi-family properties. The median sale price of a single family house was $660,500, just 1.4% more than last year. The mean1 sale price of a house was $866,707, also barely increased from last year. The two measures together strongly suggest that the Westchester market was in balance as to a smooth distribution across the pricing spectrum. Read the complete report here.