Market Report
This is an update to an article I posted back in April … . . . although our local market is faring better than many throughout the Country. We were all hoping that we had seen the bottom in April, but, unfortunately, values have dropped since April of 2008.
ROCKLAND REAL ESTATE MARKET REPORT
APRIL 2008
Heres my current view of what the markets are doing.These numbers are for listings and sales ALL OVER Rockland County, not just one specific town, but in my opinion they give a very good picture of what our local real estate market is doing.
So here they are folks, hot off the press. The March numbers. Ive been anxiously
awaiting this data. I checked every single day this month for the March figures.
It takes about 3 weeks for the information to filter down from our local multiple listing
service (MLS).
and, drumroll please ¦ here they are.
The good news is that almost across the board, weve seen improvement. The bad news
of course is that we really dont need any more inventory, but after all, it is only April.
Keep in mind too, that although we saw more properties close in January, those were
sales most likely made back in the fall.
Therefore, in my view, this is a very positive sign!
| Property | Year | Existing | New | Avg | Offers | Sales | Avg | Median | % | Avg |
| Type | Month | Inventory | Listings | List Price | Pending | Closed | SP | Sold Price | SP/LP | DOM |
| Houses | Mar-08 | 1650 | 319 | 652,316 | 102 | 72 | 513900 | 462,500 | 96.4 | 115 |
| Houses | Feb-08 | 1558 | 264 | 662,952 | 98 | 62 | 488,364 | 436,500 | 94.7 | 137 |
| Houses | Jan-08 | 1569 | 290 | 655,138 | 75 | 81 | 563,806 | 475,000 | 94.8 | 123 |
| Condo | Mar-08 | 513 | 120 | 342,618 | 36 | 25 | 278,612 | 290,000 | 94.3 | 141 |
| Condo | Feb-08 | 489 | 101 | 353,722 | 31 | 40 | 288,671 | 269,900 | 93.5 | 114 |
| Condo | Jan-08 | 444 | 85 | 344,954 | 34 | 38 | 252,605 | 249,000 | 94.1 | 116 |
| DOM = Days on the Market before an offer came in | ||||||||||
Figures compiled from The Greater Hudson Valley Multiple Listing Service
March Monthly Comparision Report.
So Let a smile be your umbrella, the suns beginning to shine !
Would anyone care to comment ?
Id love to know what yall think !
