New City, N.Y. (PRWEB) October 25, 2012
This week Better Homes and Gardens Rand released their Quarterly Market Report reviewing real estate market trends in Westchester and the Hudson Valley for the third quarter of 2012.
Rand Realty has been compiling this market report every quarter for almost eleven years, providing thousands of interested home buyers and sellers with objective analysis of the regional real estate market.
In the report, Rand discusses a surge of activity over the past six months, with regional sales up almost 14% from the same time last year. After a slow start to the year, sales are now up about 10% year-to-date against 2011, showing that buyer demand is slowly accelerating based on prices that were at 2003-04 levels and interest rates that continue to break through historical lows.
Unfortunately, this increase in buyer demand hasn’t shown an impact on pricing. Prices are down from last year across the region, which was a little disappointing. As the Report points out, though, it takes time for changes in sales activity to affect pricing behavior. Expect that if demand continues to increase, prices may stabilize or even show some small appreciation by the end of 2013.
To get a complete copy of the report, please click the link below:
BHGRE Rand Realty's Quarterly Market Report for 2012Q3
ABOUT BETTER HOMES AND GARDENS RAND REALTY
Founded in 1984, BHG Rand Realty is the No. 1 real estate brokerage in the Greater Hudson Valley with 24 offices serving Westchester, Rockland, Orange, and Putnam counties in New York as well as Bergen and Passaic counties in New Jersey. Rand has more than 800 sales associates, a commercial real estate company (Rand Commercial Services), and affiliates in the mortgage, title and insurance industries (Hudson United Home Services). The company’s Web sites are: http://www.randrealty.com, http://www.randcommercial.com and http://www.hudsonunited.com.