Rockland County Real Estate

Nanuet, The Hamlets, New City, W. Nyack, Orangeburg, Pearl River, Suffern, Pomona

Market Report

Market Report April

ROCKLAND REAL ESTATE MARKET REPORT

APRIL 2008

Heres my current view of what the
markets are doing.
These numbers are for listings and sales ALL OVER Rockland County, not just one specific town, but in my opinion they give a very good picture of what our local real estate market is doing.

So here they are folks, hot off the press. The March numbers. Ive been anxiously
awaiting this data. I checked every single day this month for the March figures.
It takes about 3 weeks for the information to filter down from our local multiple listing
service (MLS).

and, drumroll please ¦ here they are.

The good news is that almost across the board, weve seen improvement. The bad news
of course is that we really dont need any more inventory, but after all, it is only April.
Keep in mind too, that although we saw more properties close in January, those were
sales most likely made back in the fall.

Therefore, in my view, this is a very positive sign!

Property	Year	Existing	New	Avg	Offers	Sales	Avg	Median	%	Avg
Type	Month	Inventory	Listings	List Price	Pending	Closed	SP	Sold Price	SP/LP	DOM
Houses	Mar-08	1650	319	652,316	102	72	513900	462,500	96.4	115
Houses	Feb-08	1558	264	662,952	98	62	488,364	436,500	94.7	137
Houses	Jan-08	1569	290	655,138	75	81	563,806	475,000	94.8	123

Condo	Mar-08	513	120	342,618	36	25	278,612	290,000	94.3	141
Condo	Feb-08	489	101	353,722	31	40	288,671	269,900	93.5	114
Condo	Jan-08	444	85	344,954	34	38	252,605	249,000	94.1	116
DOM = Days on the Market before an offer came in