Apr
12

In the News – April 12, 2015

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4/9/15: Douglas Elliman Releases Elliman Report for 1st Quarter 2015 Brooklyn Sales.  The Brooklyn housing market entered 2015 breaking new records. Median sales price for the borough as well as for condos and single family sales were the highest we’ve ever recorded. Marketing times fell and sales slipped as low inventory kept more sales from occurring. We anticipate tight market conditions in the next two quarters. See the full report at Elliman.com

 

4/9/15:  Douglas Elliman Releases Elliman Report for 1st Quarter 2015 Queens Sales.  Since last fall, the Queens housing prices have continued to rise. Attributing factors include low inventory, an improving economy and buyers from other markets like Brooklyn and Manhattan seeking out greater affordability. Sales slipped largely from the lack of inventory. With an improving economy, we expect continued price pressure in the coming quarters.  See the full report at Elliman.com.

 

4/9/15:  Douglas Elliman Releases Elliman Report for 1st Quarter 2015 Westchester and Putnam Sales.  Westchester housing prices remained stable for the past two quarters. Single family home sales were up, while listing inventory declined. Prices within the luxury single family market were higher than last year. Co-op prices slipped as condo prices held steady. With rising sales and low inventory, we look towards a fast paced market this spring.

While housing prices in Putnam fell short of last year, the number of sales jumped as inventory moved lower, much like other markets in the region. The faster market pace is expected to continue into the next quarter. See the full report at Elliman.com.

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