Jan
18

In the News – January 18, 2015

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01/15/15: Douglas Elliman Releases Elliman Report for 4th Quarter 2014 Brooklyn Sales.  Brooklyn housing prices increased for the ninth consecutive quarter, pushing the annual median sales price to a record high.  Sales slipped from year ago levels but remained consistent with historical trends.  Rising prices have pulled more sellers into the market as inventory comes up from last year’s record lows.  With the improving economy, we anticipate similar conditions over the coming quarters. See the full report at Elliman.com 

01/15/15:  Douglas Elliman Releases Elliman Report for 4th Quarter 2014 Queens Sales.  The Queens housing market finished the year with rising prices in the fourth quarter.  Sales fell short of last year’s levels while inventory edged higher.  Despite the slower pace of the market, marketing times were shorter and negotiability between buyers and sellers was reduced.  See the full report at Elliman.com.

1/15/15:  Douglas Elliman Releases Elliman Report for 4th Quarter 2014 Westchester and Putnam Sales.  Westchester housing prices have increased or moved sideways for the eighth consecutive quarter.  Prices in the luxury market increased faster than the overall market.  Unlike the most of the region, listing inventory declined as sales increased, resulting in a faster market pace than last year.  Low inventory is expected to keep the pressure on housing prices well into the new year.

The combination of sharply rising number of sales and a modest increase of inventory caused the housing prices in Putnam to increase.  Shorter marketing times and less negotiability between buyers and sellers resulted in an accelerated pace of the market.  See the full report at Elliman.com.

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