Rockland Real Estate Perspective

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Rockland County Real Estate Market Snapshot Week Ending 11/23/2008

The number of single family homes on the market in Rockland County, NY has declined by 9.5% since the end of October, in my mind signaling the beginning of the traditional holiday slow down. This decline in the number of homes for sale also underlines the importance of serious sellers getting on the market now, as there are serious buyers out there, and less competition means a greater likelihood that your house will get an offer. (I have a relocation client coming to town this week and there is only ONE house to show them that fits their needs!)

Similarly, the number of condos on the market has declined by 9.7% since the end of October. Get your price and presentation right and you will sell.

Buyers, the mortgage interest rate has remained at 6% for the past two weeks, the first time in a long while that the rates were unchanged for two weeks in a row. A recent study by NAR found that the affordability index of houses nationwide is now at 1998 levels. Good news for first time homebuyers, or looking to sell a current residence and upgrade to a bigger house.

Here are the numbers for this past week:

Rockland County Market Snapshot
Week Ending 11/22/2008
 Single Family      Condo      Multi Family  
         
New Listings 46   New Listings 21   New Listings 4
Price Revisions 71   Price Revisions 28   Price Revisions 4
Under Contract 23   Under Contract 13   Under Contract 0
Sold 19   Sold 7   Sold 1
Expired 37   Expired 14   Expired 6
Withdrawn 5   Withdrawn 1   Withdrawn 1
               
Avg Sale Price $430,552   Avg Sale Price $249,393   Avg Sale Price $350,700
Total Active 1242   Total Active 449   Total Active 92

If you are curious about what is going on in your neighborhood in Rockland County, please contact me at 845-323-6247, or at jennifer.mallory@kw.com.

jennifer mallory | associate broker  |  "real integrity in real estate"
keller williams hudson valley realty II | 130 N. Main Street, Nyack, NY 10960 
845.521.3135 |  845.323.6247 mobile  |  www.jennifermallory.com

Comment balloon 1 commentJennifer Mallory • November 23 2008 08:52AM

Comments

Jennifer - This is certainly a good time for serious sellers as the competition lessen over the next few weeks and mortgage rates are still low.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) almost 10 years ago

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