The number of closed sales for the first three months of 2015 powered forward the momentum of this region’s real estate recovery that commenced in 2013. Altogether, Realtors participating in the Hudson Gateway Multiple Listing Service reported 2,861 closed residential transactions in the in the first quarter of 2015, an increase of 309 sales or 12.1% over 2014’s first quarter postings.

The sales took place in Westchester, Putnam, Rockland and Orange counties, and the property types included single family houses, condominiums, cooperatives, and 2-4 unit multifamily buildings. The closed transactions largely reflected listing and showing activity that took place during the late winter months of 2014 and January of 2015.

Westchester usually accounts for about 50-60% of the region’s total sales. The 1,620 first quarter sales there were 6.2% more than in 2014. Most of that increase occurred in the condominium sector; sales of single family houses and cooperatives were flat but on a high plateau with 2014’s level.

The other three counties in the region reported larger percentage increases in most residential categories, although against smaller numerical bases. Putnam County ranked highest with a 29.8% increase overall. Orange County ranked next with 23.8%, and Rockland posted 13.6%. Continue reading this report here.