Below is the Hudson Gateway Association of Realtors’ (HGAR) 2014 third-quarter report for Westchester Putnam real estate.
The pace of real estate sales in the third quarter of 2014 was just a shade slower than it was in 2013 when there was a very strong post-recession recovery under way. The 2014 total of all sales in all categories of housing in all four counties serviced by the Hudson Gateway Multiple Listing Service was 4,545 units, just 90 units or 1.9% fewer than in 2013.
Westchester, the largest county in the MLS region, posted a sales decrease of 2.7%, to 2,863 units. Rockland followed closely with a 2.4% decrease. In Orange County there was barely any change at all, a decrease of only 0.3%. Putnam’s sales actually increased by 3.1%, although that was measured against a small base of a few hundred units.
Generally, this slightly diminished but still very strong level of closed real estate transactions followed upon listing and marketing activity that took place during the spring and early summer months. The external conditions for real estate were good then. For example, mortgage interest rates remained consistently low and affordable; the average rate for a 30-year conventional loan ranged mostly between 4.4% and 4.2% throughout the period. Continue reading this report here.
To compare this report with earlier reports, visit HGAR.com.
