Single-family home sales down in some parts of the Hudson Valley

Posted: Updated:
SCARSDALE -

Single-family home sales were down in some parts of the Hudson Valley in 2018, according to the Hudson Gateway Association of Realtors.

In Westchester, sales were down almost 5 percent compared to 2017. In Rockland, sales dropped 11.5 percent. Orange County saw a slight 0.2 percent dip last year compared to 2017.

Barry Kramer, a past president of the Hudson Gateway Association of Realtors, says that's the main reason for the drop in sales.

“With a lack of inventory, realtors are finding pressure in some categories but still dealing with number of sales,” she says.

Sales maybe down, but across the board the median price for single-family homes in the Hudson Valley rose in 2018.

In Westchester, a single-family home went from $642,000 in 2017 to $650,000 in 2018.
   
Som areas even saw an increase in single-family home sales in 2018, including Putnam and Sullivan counties.

Experts are not sure about the real estate outlook for 2019, saying part of it depends on the impact of the new tax reform law.

The Hudson Gateway Association of Realtors says overall in 2018, there was a nearly three percent drop in residential unit sales compared to the prior year.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."