Providing a comprehensive picture of the Connecticut (or, Westchester County) residential real estate market, our Quarterly Market Watch Reports offer an extremely valuable resource for consumers, real estate professionals, financial institutions, the media and other professionals associated with the market.
Each report includes in-depth analysis of home sales activity and prices, outlining current conditions, historical trends and emerging directions that point to where the market is headed.
After experiencing significant improvement for the past two years, the housing market has at last leveled off with unit and dollar sales year to date on track with the same period last year in most markets. We believe that the current period of more moderated yet sustainable growth is a healthy one, and we are optimistic that our housing markets will remain vibrant throughout the rest of the year. Please read the Second Quarter 2014 Market Watch for our full report.
Home sales in the first quarter of 2014 built upon the strong 2013 annual sales results. We saw heightened demand for properties in the mid to upper price ranges as well as new construction, while sales of homes priced at the top of the market were relatively quiet due to low inventory. Condominiums and co-ops continued to experience vibrant demand. Since every market is different, please read the First Quarter 2014 Market Watch for the details on your community.
The pace of the housing recovery picked up speed in 2013, and by year’s end activity spread to encompass previously quiet segments of the market including the luxury, new construction and even raw land segments. Condominiums and co-ops experienced particularly strong volume growth, breaking the trend of previous years and satisfying pent-up demand. Since every market is different, read the 2013 Year-End Market Watch to learn more about your community.