In our continuous quest to bring you the latest and greatest in real estate, today we are presenting you with July’s housing data. As you’ll see when you look at the data below, there are alot of parallels to national housing trends: tightening inventory , a large increase in unit sales and a decrease in market time. The inventory is normalizing and, finally, is really starting to burn off. Take a closer look at the numbers below for the northeast and let us know if you are seeing the same type of activity in your local market!
How did the real estate market in the northeast do in February compared to same time last year? Well, we’ve had an early start to this year’s spring market due to the unseasonable (but not unfortunate!) warm weather patterns. This has bode well for real estate, with unit sales up by 30 percent in some regions. Take a closer look below. And for details on how you’re local market fared, take a look at our local housing data page–we churn up all the numbers for you 24/7!
March 20, 2012
Take a look at our monthly charts below to find out how the northeast fared in October 2011 vs. October 2010 according to major market indicators. If you would like to see how your local market is doing compared to the entire region, check out our local housing data page. Hope this data can help shed some light on the state of the current housing market!
November 10, 2011
2010 has come to and end and so has a tumultuous year in real estate. The market held steady the first half of the year due to the extension of the homebuyer tax credit. A combination of extremely low interest rates and the tax extension deadline positively impacted single-family home sales and prices across the northeast.
January 13, 2011
The second quarter has come to an end and we’re receiving a bit of a reality check on the housing market. There is some good and some not so good news to report. Let’s take a look at some key numbers in the northeast to give you an idea of what I’m talking about. In the past 6 months, we have seen a push up in the market due to the following factors:
- Housing Tax Credit, which expired April 30th…The credit produced a flurry of activity in the market as people rushed to purchase & close on time
- Historically low interest rates…under 5%
- Increased consumer confidence (according to Realty Times, consumer confidence had been on a fairly steady upward trend for the past quarter or two)
And a closer look at more recent numbers in the northeast from this quarter compared to 2nd Q. last year:
July 19, 2010