Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
Elected officials, seeking to appease vocal constituents, frequently uphold restrictive zoning laws that favor single-family residences over more diverse housing options.
In 2023, the Rockland County Office of Consumer Protection investigated 617 complaints and returned $66,000 to homeowners.
FARMINGDALE, NY— For September 2023, OneKey MLS reported today a regional closed median sale price of $630,000, a 0.80% decrease as compared to the $635,000 reported in August 2023. In a year-over-year comparison, the closed median sale price increased 5.00% from $600,000, reported in September 2022. However, sales transactions and pending residential deals were down by double digits.
Between August 2023 and September 2023, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 4,245 from 5,344, representing a month-over-month decrease of 20.60%. Year over year, transactions were down 21.20% from September 2022. Across the region, pending sales transactions also decreased 11.20% in a month-over-month comparison, reportedly 4,240 in September 2023 as compared to 4,775 in August 2023.
OneKey MLS, the largest MLS in New York, reported that four of nine counties posted an increased closed median sale price in a month-over-month comparison, while five counties reported a decreased median sale price. Putnam (+15.50%), Queens (+6.20 %), Suffolk (+1.20 %), and Nassau (+1.00%) counties reported month-over-month increases in closed median sale price. Rockland (-1.40%), Orange (-2.3%), Sullivan (-3.7%), Bronx (-5.80%), and Westchester (-6.8%) counties reported month-over-month decreases in closed median sale price.
“The fact that prices are rising shows that there is still interest from homebuyers but there isn’t enough supply to satisfy them,” said Richard Haggerty, CEO of OneKey MLS. “Buyers are willing to buy even with interest rates where they are,” he continued. “There’s just nothing for them to buy.”
OneKey MLS is one of the nation’s leading Multiple Listing Services, serving more than 48,000+ Realtor subscribers and 4,500 participating offices throughout Long Island, New York City, and the Hudson Valley. OneKey MLS provides reliable property listing data, invaluable market insights, and an extensive suite of innovative industry tools and services.
For further detailed statistical information about residential, condo, and co-op sales transactions, please visit https://www.onekeymls.com/market-statistics.
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
In 2023, the Rockland County Office of Consumer Protection investigated 617 complaints and returned $66,000 to homeowners.
Located at 23 Mulberry St. in the Hollow neighborhood of South Yonkers, the $48 million, four-story building has 60 energy-efficient, affordable apartments for seniors.
“Today marks a significant milestone on the path to ensuring the success of our nation’s most vital infrastructure project,” said New Jersey Gov. Phil Murphy.
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