Tuesday, June 2, 2015

Buyers’ See More Options as Orange County Home Listings Rise


The number of single-family homes listed for-sale in Orange County rose to 2,581 in May from 2,305 in January. The lead story in the current issue of Real Estate in Depth, a monthly trade publication of Hudson Valley realtors, cites the warmer weather as the prime driver motivating sellers to make a move. As we sail into the summer “busy” season for real estate, buyers should have an increasing array of housing options to choose from across many price levels. In Orange County, we’re seeing new listings come on from $175,000 and up. There is also an increasing amount of “luxury” inventory above $400,000, many of which offer excellent value at current price levels. The story also notes that listings are up across Putnam, Westchester and Rockland counties.