After nearly two years of sustained increases in demand, we believe that prices are now ready to follow.
New City, NY (PRWEB) January 13, 2014
Better Homes and Gardens Rand Realty released their quarterly market report today that analyzes residential real estate activity in their service areas in New York and New Jersey. The latest report provides consumers with an update on full year sales results for 2013 and provides analysis and commentary on where the company believes the market is headed in 2014.
“The northern suburbs of New York City finished 2013 very strong, with sales up significantly across the region and prices beginning to show the first small signs appreciation,” said Joseph Rand, Managing Partner of Better Homes and Gardens Rand Realty, who also believes that “homeowners throughout our service area have some great reasons to be optimistic about home prices as we head into 2014.” Rand continued, “Every market cycle sees a shift in demand prior to a similar shift in prices and after nearly two years of sustained increases in demand, we believe that prices are now ready to follow.”
The Rand Quarterly Market Report covers residential real estate transactions for single family homes, condos, and coops. Analysis is also provided for the higher end or “Luxury” home buying market in areas where there is sufficient transaction volume.
This most recent real estate analysis is just one in a series of reports that Rand publishes on a quarterly basis for its agents, its clients, and for industry insiders. The report can be downloaded free of charge at the Rand Realty web site located at http://www.randrealty.com.
ABOUT BETTER HOMES AND GARDENS RAND REALTY
Better Homes and Gardens Rand Realty is the premiere real estate brokerage in the Greater Hudson Valley and Northern New Jersey serving Westchester, Rockland, Orange, Putnam, Dutchess, Bergen and Passaic counties. Founded in 1984, Better Homes and Gardens Rand Realty has more than 800 residential real estate sales associates, a commercial real estate company (Rand Commercial Services), and affiliated services companies (Hudson United) offering residential mortgage lending, title services, and commercial/residential insurance. For more information, visit us at: http://www.randrealty.com, http://www.randcommercial.com and http://www.hudsonunited.com. Or follow us on Facebook (Better Homes and Gardens Rand Realty), Twitter (@BHGRand), and Pinterest (Better Homes and Gardens Rand Realty).