Rockland Real Estate Perspective

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Rockland County Real Estate Market Snapshot Week Ending 12/13/2008

The big news this week is the potential for interest rates for new mortgage loans to drop to the mid-4's. In theory, that should bring buyers who are sitting on the fence into the marketplace. Good news for sellers in Rockland County. (And buyers, too!)

The mortgage professionals I've spoken with have said the number of calls they've received is up. It's too early to see if this will make any difference in the number of homes sold because takes a couple of weeks for homes show up under contract. The holidays are right around the corner, and many people are on vacation, so I expect to see an increase of homes under contract early in the new year, if the mortgage news has made a big difference. It will be very interesting to see what happens.

This week's numbers are almost unchanged from last week's, with the exception that average days on market for condos is up while average sales price is down.

The following statistics are from the Greater Hudson Valley MLS as of 12/14/2008, and represent an average for Rockland County. If you are interested in what is going on in your neighborhood, I'd be happy to provide that information. Please contact me at jennifer.mallory@kw.com or 845.521.3135

Rockland County Market Snapshot
Week Ending 12/13/2008
               
Single Family   Condo   Multi Family
               
Total Active 1175   Total Active 419   Total Active 88
New Listings 34   New Listings 12   New Listings 3
Price Revisions 67   Price Revisions 24   Price Revisions 4
Under Contract 18   Under Contract 7   Under Contract 3
Sold 24   Sold 4   Sold 0
Expired 45   Expired 15   Expired 38
Withdrawn 6   Withdrawn 4   Withdrawn 2
               
Avg Sale Price $474,225   Avg Sale Price $226,875   Avg Sale Price X
Avg Days on Mkt 120   Avg Days on Mkt 151   Avg Days on Mkt X

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

Comment balloon 2 commentsJennifer Mallory • December 14 2008 08:09AM

Comments

Just stopping by to say hi!  You do a good job with the market reviews!

Posted by Tami Vroma, Realtor, Grand Rapids MI Real Estate (West Michigan Real Estate Specialist-Five Star Real Estate) about 10 years ago

Thanks, Tami, for taking the time to stop by and read!

Posted by Jennifer Mallory, Nyack NY Real Estate Broker Associate (Keller Williams Hudson Valley Realty) almost 10 years ago

Participate