New York Metro Area Real Estate Market Saw Rising Home Prices, Low Inventory in 2024
The highest number of closed sales occurred in Suffolk County with 12,913, followed by Nassau County with 9,748, and Westchester County with 7,127.
For 25 years, Real Estate In-Depth has covered the region’s home sales market. For example, the newspaper reported in 2002 the Westchester average single-family home price broke the $500,000 barrier for the first time. Five years later, the housing market saw home sales decline 13%, a precursor to the recession that followed.
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