Thursday, May 29, 2014

Latest housing market news for Columbia and Greene Counties

Source: Median home prices up statewide and even higher in lower Hudson Valley - Lohud Real Estate - Politics on the Hudson.

Detailed data from the April report from the New York State Association of Realtors is here. In Columbia County, there were fewer listings in April than the prior year and about the same number of sales. The median sales price rose by about 7% in the previous year to $235k, $20k above the New York State median, and inventory* fell from over twenty-two months to less than sixteen. In Greene County, there were also fewer listings but the number of sales jumped by a third. The median sale price was only slightly higher than the previous year, and at $165k, well below the Columbia County and New York State levels. Nevertheless, inventory also dropped significantly in Greene County from nearly twenty-eight moths to under twenty-one. Overall, then a continued improvement in our area, with prices continuing to lag in Greene County.



* measured by dividing the number of homes for sale by the current sales per month.

No comments:

Post a Comment