WESTCHESTER COUNTY, NY — Real estate sales in the lower Hudson Valley slowed a little in the third quarter of 2017, according to a report from the Hudson Gateway Association of Realtors. That is because prospective homebuyers were operating in a market that has seen reductions in the supply of for-sale housing over the past four years.
In terms of price, the market is still strong.
“The 2017 year to date sales figures continue to trend significantly higher than the previous year for most of the lower Hudson region,” they said. (For more stories on local real estate, sign up for Patch’sdaily newsletter, news alerts and updates.)
Meanwhile, the double-digit percentage rate of shrinking inventory is continuing, HGAR officials said: down 16 percent in Orange, 16 percent in Putnam, 15 percent in Rockland and 8 percent in Westchester as compared to third quarter 2016.
They predicted the market will remain vibrant, citing . conditions including attractive mortgage rates, high employment and a healthy economy.