🏡🏡The Current Real Estate Market in Westchester County, NY

If you are thinking of selling- Now is the Time to Sell Your Home for Top Dollar

What is the State of the Current Market?

Are you considering buying or selling a home in Westchester County? It's important to keep up with the latest trends in the real estate market to make informed decisions. In this blog post, we've covered the most recent data on prices, time on the market, months of supply, and buyer demand.

Firstly, the average price of all types of residences in Westchester County has increased by 3.0% this year, with an average price of $847,000. This suggests that if you're looking to sell your home in the area, you may be able to get a higher price than you would have a year ago.

Secondly, the average days a home is on the market has decreased by 13%, now at 47 days. This indicates that there is high buyer demand for homes in the area, with more people looking to buy than there are homes available.

Thirdly, the months of supply for homes in Westchester County is 2.7 months, indicating that the market is currently favoring sellers. If no new homes were put on the market, it would take 2.7 months for all the current homes to be sold.

Finally, the high demand from buyers is demonstrated by each active listing having an average of 6.4% showings per listing over the past year. This is likely due to the low interest rates that are currently available, making it more affordable for people to purchase a home.

In conclusion, the Westchester County real estate market is currently favorable for sellers due to high buyer demand and limited supply. If you're thinking about buying or selling a home in the area, now might be the right time to take action. It's always recommended to work with a reputable real estate agent who can provide valuable guidance and advice throughout the process. Thanks for reading, and we hope this information has been helpful in your decision-making process.

If you go to The Money Pages on this Blog you will see the current Market information on all towns in Westchester County.  THE MONEY PAGE