- New Developments
After one of the busiest spring markets we’ve seen in 5 years, the Westchester housing market remained active through the summer. In fact, third quarter sales in Westchester were up sharply compared to the same time last year. Record-low mortgage rates, despite unusually tight lending conditions, drove demand and helped bring first time buyers into the market. While housing prices generally remained stable, the amount of inventory available for sale continued to decline. We anticipate the same market conditions through the end of the year.
Produced in conjunction with Miller Samuel, a leading independent appraisal firm, our market report series is the benchmark for residential real estate market information and an essential reference source for consumers, the media, financial institutions, government agencies, researchers and other market professionals. Each report provides an analysis of price and sales trends as well as many other metrics to give readers an idea of current conditions as well as historical and emerging market trends.
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