Westchester home prices continued climbing in 2024 as sales dipped, according to a report by Houlihan Lawrence.
The report released on Dec. 23 showed median sale prices of single-family homes went up 8.2% to $930,750 from 2024 while sales dropped slightly by 1.5%.
Read MoreThe residential real estate market was quite active in 2024 in Westchester, Putnam, Dutchess and parts of Connecticut, especially in the luxury sectors, according to data from the real estate brokerage firm Houlihan Lawrence.
Read MoreThe housing market in 2025 might have a more favorable outlook than much of 2024 had, especially if mortgage rates and inventory levels improve. There’s still uncertainty in the air, though: Rising prices and slowing construction could cause some trouble for buyers in 2025, and the impact of the new presidential administration remains a wild card.
Read MoreStill, in the wake of the Federal Reserve’s jumbo-sized interest rate cut in September, many buyers are opting to remain on the sidelines in the hopes that further Fed cuts later this year will lead to more mortgage rate declines.
Read MoreHousing markets in the United States are up right now, but some experts say they’re about to lose a lot of value. This could be helpful to know if you’re planning a big move or trying to find a more affordable cost of living.
Read MoreThe sale will begin Friday at 9 a.m. with a sign up sheet available the night before. The sale will end on Friday at 3 p.m. before opening again on Saturday from 9 a.m. to 3 p.m. Only 25 people will be able to enter at one time and Redding police will be on hand to help facilitate operations, according to Boffey. Boffey added that parking is "tough" in the area and that customers must follow signs of where and where not to park.
Read MoreThe median price of a single-family home in Westchester County, New York has topped $1 million for the first time.
It's not just a big-dollar benchmark for real estate in New York City's northern suburbs. It's the new normal.
Read MoreThe median home in Westchester County listed for $695,000 in March, up 7.1% from the previous month's $649,000, an analysis of data from Realtor.com shows.
Read MoreIt’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low interest rates and frenzied bidding wars, mortgage rates increased to their highest level in more than 20 years.
Read MoreNewly released data from Realtor.com for January shows that potential buyers and sellers in Westchester County saw houses sell for lower than the previous month's median sale price of $765,000.
Read MoreNewly released data for November shows that potential buyers and sellers in Westchester County saw houses sell for higher than the previous month's median sale price of $700,000.
Read MoreThe policy changes could help spur price competition for agents' services and lower the cost for sellers who now typically cover the commission for the buyer's agent, as well as that of their own.
Read MoreA housing or real estate bubble is a run-up in housing prices fueled by demand, speculation, and exuberant spending. It can lead to the point of collapse.
Read MoreThough mortgage rates are better now than they were in the fall, and experts are optimistic that rates will drop further in 2024, home affordability challenges aren’t going away anytime soon.
Read MoreUnless the Friends of Belden House can find a few million dollars in the next six months or a private developer swoops in, the circa 1760 Gothic house in Putnam County has a date with the wrecking ball.
Read MoreWestchester continues to experience sale declines due to record-low inventory, according to Houlihan Lawrence‘s Q3 market report. As the Westchester housing market fails to meet buyers’ needs, both home sales and pending contracts have diminished. According to the report, home sales in Westchester were down 20% while median sale price went up 6.7%
Read MoreDuring the second quarter of 2023, New York City’s real estate market has been as volatile as our stock market. While the market for ultra-luxury apartments, both condo and co-op, has remained slow, the smaller units, which were having a run in April and much of May, have now sunk into the doldrums as well.
Read MoreA four-bedroom, three-bath, 4,257-square-foot house with hardwood floors, crown molding, a fireplace, bay windows, an eat-in kitchen with granite countertops and French sliding doors, a first-floor full bath, an en suite primary bedroom with vaulted ceilings and balcony with water views, a dressing room, an office with outdoor access, a laundry room, a fenced yard with a bluestone patio, and an attached two-car attached garage, on 0.34 acres.
Read MoreThe Westchester housing market continues to exhibit a high demand for properties while inventory drops to a record low.
Read MoreWith little to choose from on the market, a lack of supply and an increased demand has caused home prices in the Nutmeg State to increase 10 percent in the last year alone, according to Zillow. Sellers know that serious buyers will pay more to get into a market that has pushed many home-buying hopefuls out, and the prices reflect that.
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