We have just released our 3rd Quarter 2011 Market Report. Our report offers a look into the local real estate markets in Westchester, Dutchess and Putnam Counties. The Third Quarter market is summed up in the report: “As the 3rd Quarter of 2011 draws to a close, world financial markets are being shaken by the ongoing European financial crisis and renewed fears of a global recession. For the moment, however, the local real estate market remains remarkably stable. Following the roller coaster ride of the past three years, the 2011 market looks and feels a lot like 2010 – both statistically and in practical terms. Homes priced for today’s market conditions are typically finding buyers within 2-3 months. On the other hand, homes priced optimistically – the ‘wishful pricing’ strategy – are left to linger, sometimes even after multiple price reductions.”
Our Market Report contains valuable information for sellers or buyers in our marketplace. Among the features in our new report are Supply/Demand Charts by County showing you the demand for homes in different price ranges. Also in our report are comparisons of Median Sale Price, Units Sold, Average Days on Market, and Sale Price to List Price for your local school district or town.
We hope you find Houlihan Lawrence’s 3rd Quarter Market Report a useful tool in understanding and evaluating the market. At houlihanlawrence.com, our Monthly Market Report provides additional information on each municipality.