Hudson Valley Real Estate Prices are still declining, By Ken Mahoney

2ND QT HOUSING DATA SHOWS DECLINING PRICES AND SALES

Second quarter home pricing data released yesterday by the Greater Hudson Valley Multiple Listing Service comes as no surprise to local residents trying to sell their homes. The agency reports the median price of single-family homes in our area slumped by 10.2% this spring, with overall sales dropping by 29% compared to the same period last year. Similar findings were reported for Orange County, which experienced a 6.2% price decline and 28% reduction in sales year over year.