Tuesday, December 30, 2008

Rockland Real Estate Update by Ken Mahoney

ROCKLAND HOMES SALES/VALUES FARE BETTER THAN STATE AVERAGE by Ken Mahoney

Statewide existing home sales have plummeted 23 percent this November compared to last- that’s according to the most recent data released by the New York State Association of Realtors. Rockland fared far better than the average, experiencing a 12% reduction in sales and a near 8% decline in sale price. The association reports Orange and Westchester county home sales saw a 44 and 37 percent loss, respectively. Columbia County suffered the sharpest drop in sales, with the market performing less than half as well as it did this time last year.

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