DataMarkets & Economy

Rockland County real estate sales and prices on the rise

Sales are on the rise in Rockland County, and the luxury market is leading the way
  • Rockland County closed sales of single-family homes increased 28.4 percent in the second quarter and 25.2 percent year-over-year.
  • Inventory fell for single-family homes and condos by a respective 14.6 percent and 13 percent, while co-ops increased 1.5 percent.
  • Rockland County's highest sale year-to-date was in Palisades and listed for $4,287,500, which was the highest sale in Snedens Landing in the past five years.

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The Hudson Valley real estate market has been faring well, especially in Rockland County, where home sales rose in the second quarter of the year. According to data from the Hudson Gateway Association of Realtors (HGAR), single-family home sales increased 28.4 percent in the second quarter of the year and 25.2 percent in the last 12 months. Inventory has been falling in the single-family home and condo category, HGAR says, but co-ops saw a slight uptick in inventory of 1.5 percent over the end of 2015. Single-family home inventory took the biggest fall of the three categories, at 14.6 percent, and condo inventory dipped 13 percent. Co-ops was also the only category that had an increase in new listings, at 5.1 percent since the end of 2015, according to the data. New listings of single-family homes dipped 6.4 percent to 1,121 properties, and condos dipped 5.6 percent, to 220 properties. Days on market has been falling in all categories in the second quarter of 2016. Day...