2023 YEAR END REPORT

Market Report YEAR END | 2023 Market Overview LOWER HUDSON VALLEY -21% -24% LOWER HUDSON VALLEY Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, Westchester Counties Change in $ Sales Volume Change in Closed Sales Closed Sales Median Sales Price Year over year, 2022 vs 2023, the number of single family home transactions dropped 24% market-wide. The median sales price has slightly increased by 5%. Closed sales reflect market activity for single family homes in the Lower Hudson Valley. Data in whole, or part is supplied by the HGMLS and includes non-MLS transactions sold by Ellis Sotheby's International Realty. Data provided by the HGMLS may not reflect all real estate in the market. $580K 12,725 LOWER HUDSON VALLEY Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -24% -20% 2023 12,725 16,239 2022 16,638 20,313 $554,250 $11.9B Under $1M 2023 vs 2022 -25% -23% 4% 3% 2023 10,666 13,084 $520,000 $5.6B 2022 14,169 16,897 $501,000 $7.3B Over $1M 2023 vs 2022 -17% 7% -2% -3% 2023 2,060 3164 $1,500,000 $3.7B 2022 2,472 3422 $1,525,000 $4.6B Median Sales Price $ Sales Volume 5% 5% $580,000 $9.4B Number of New Listings by County Total Number of Sales by County LOWER HUDSON VALLEY Average Sales Price by County Sales Volume by County LOWER HUDSON VALLEY Average Sales Price vs. # of Closed Sales Q1 2022 Q2 2022 Q3 2022 Closed Sales 434 717 905 New Listings 989 1332 727 Average Sales Price $1.83 M $1.97 M $1.92 M Highest Sales Price $8.82 M $24.15 M $9.4 M $10.25 M $13.55 M $7.4 M $12.5 M $10 M Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 416 288 514 825 432 381 727 1132 739 484 $1.69 M $1.94 M $1.84 M $1.86 M $1.72 M Closed Sales Count, New Listings Count, Average Sales Price & Highest Sales Price LOWER HUDSON VALLEY The Luxury Market LOWER HUDSON VALLEY SINGLE FAMILY HOMES $1M+ ROCKLAND COUNTY Rockland County | SINGLE FAMILY Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -26% -21% 2023 1,573 2,042 2022 2,124 2,572 $636,750 $1.45 B Under $1M 2023 vs 2022 -29% -27% 4% -26% 2023 1,408 1,668 $644,250 $914 M 2022 1,974 2,270 $620,000 $1.24 B Over $1M 2023 vs 2022 11% 25% -1% 11% 2023 166 377 $1,270,000 $236.5 M 2022 150 302 $1,280,000 $212.6 M Median Sales Price $ Sales Volume 4% -21% $660,000 $1.15 B ROCKLAND COUNTY PALISADES, PIERMONT, GRANDVIEW, NYACK, SOUTH NYACK, UPPER GRANDVIEW, UPPER NYACK Rivertowns | SINGLE FAMILY ORANGE COUNTY Orange County | SINGLE FAMILY Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -32% -13 2023 110 168 2022 161 193 $726,400 $133.1 M Under $1M 2023 vs 2022 -38% -19% 1% -39% 2023 82 104 $663,500 $55.3 M 2022 132 129 $655,000 $89.9 M Over $1M 2023 vs 2022 -3% 0% -1% 3% 2023 28 64 $1,380,000 $44.5 M 2022 29 64 $1,400,000 $43.2 Median Sales Price $ Sales Volume 4% -25% $757,500 $99.8 M Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -26% -21% 2023 1,573 2,042 2022 2,124 2,572 $636,750 $1.45 B Under $1M 2023 vs 2022 -29% -27% 4% -26% 2023 1,408 1,668 $644,250 $914 M 2022 1,974 2,270 $620,000 $1.24 B Over $1M 2023 vs 2022 11% 25% -1% 11% 2023 166 377 $1,270,000 $236.5 M 2022 150 302 $1,280,000 $212.6 M Median Sales Price $ Sales Volume 4% -21% $660,000 $1.15 B Dutchess County | SINGLE FAMILY Putnam County | SINGLE FAMILY Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -17% -14% 2023 1332 1781 2022 1600 2080 $420,000 $736.5 M Under $1M 2023 vs 2022 -17% -16% 3% -13% 2023 1311 1663 $430,000 $601.8 M 2022 1572 1987 $416,250 $691.1 M Over $1M 2023 vs 2022 -25% 27% -10% -32% 2023 21 119 $1,250000 $30.8 M 2022 28 94 $1,387,500 $45.5 M Median Sales Price $ Sales Volume 3% -14% $431,500 $632.6 M Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -24% -29% 2023 816 957 2022 1077 1344 $490,000 $584.7 M Under $1M 2023 vs 2022 -24% -31% 0% -22% 2023 788 876 $476,000 $399.6 M 2022 1034 1278 $475,000 $512.7 M Over $1M 2023 vs 2022 -35% 23% -7% -38% 2023 28 81 $1,325,000 $44.5 M 2022 43 66 $1,425,000 $72 M Median Sales Price $ Sales Volume -1% -24% $487,500 $444.1 M PUTNAM COUNTY DUTCHESS COUNTY Ulster County | SINGLE FAMILY Sullivan County | SINGLE FAMILY Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -17% -14% 2023 1332 1781 2022 1600 2080 $420,000 $736.5 M Under $1M 2023 vs 2022 -25% -20% 3% -22% 2023 1182 1588 $428,500 $541.1 M 2022 1572 1987 $416,250 $691.1 M Over $1M 2023 vs 2022 -29% 22% -12% -36% 2023 20 115 $1,225,000 $29.2 M 2022 28 94 $1,387,500 $45.5 M Median Sales Price $ Sales Volume 3% -14% $431,500 $632.6 M Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -22% -12% 2023 631 926 2022 814 1052 $375,000 $366 M Under $1M 2023 vs 2022 -22% -14% 4% -22% 2023 610 860 $385,000 $246.8 M 2022 787 999 $370,000 $317.7 M Over $1M 2023 vs 2022 -22% 25% 2% -28% 2023 21 66 $1,475,000 $34.9 M 2022 27 53 $1,450,000 $48.4 M Median Sales Price $ Sales Volume 5% -23% $393,000 $281.8 M SULLIVAN COUNTY ULSTER COUNTY Westchester County | SINGLE FAMILY Number of Closed Sales Number of New Listings All Price Points 2023 vs 2022 -29% -25% 2023 4330 5499 2022 6133 7370 $815,000 $6.84 B Under $1M 2023 vs 2022 -32% -31% 3% -31% 2023 2694 3206 $679,950 $1.83 B 2022 3978 4633 $660,500 $2.67 B Over $1M 2023 vs 2022 -24% -16% -1% -25% 2023 1636 2295 $1,561,357 $3.12 B 2022 2157 2740 $1,581,000 $4.18 B Median Sales Price $ Sales Volume 4% -28% $850,000 $4.95 B WESTCHESTER COUNTY