The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
In April, existing-home sales in the Northeast fell 2.0% from March to an annual rate of 480,000, identical to April 2024.
Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam counties
Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam counties
WHITE PLAINS—After a winter of mixed activity, the Hudson Valley housing market showed fresh signs of life in April, according to the latest report from the Hudson Gateway Association of Realtors released on May 22. While closed sales remained inconsistent across the region, a noticeable uptick in pending transactions suggests that buyer confidence may be on the rebound as we head into the summer market.
Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam counties. Pending single-family home sales in the Bronx rose more than 36% compared to April 2024, even as closed sales dipped by nearly 39%. Median prices in the borough remained strong, with single-family homes reaching $657,000, up nearly 10% year-over-year.
Putnam County also stood out with a 44% increase in pending sales and a nearly 37% jump in closed single-family transactions, accompanied by a 6.6% rise in median price to $559,500. Meanwhile, Rockland County saw pending sales climb 23%, even as closed activity fell slightly. Home values there remained steady, with the median single-family price ticking up to $746,000.
In Westchester, the region’s largest and most competitive market, the story was more nuanced. Closed single-family sales were down 12%, but prices continued their upward trajectory, increasing more than 15% from last April to reach a median of $999,000. Condo prices also grew by more than 15%, reaching $552,000, signaling strong demand despite tight supply.
“Buyers are adjusting to the new normal of higher interest rates and limited inventory,” said HGAR Chief Executive Officer Lynda Fernandez. “We're seeing momentum build, especially in pending sales, which tells us that the desire to own a home in our region remains strong, even if buyers are having to act more strategically.”
Orange County painted a slightly more cautious picture, with single-family home sales dipping by 2% and median prices declining by nearly 3%. Yet condo activity showed strength, with new listings and pending sales climbing steadily.
Co-op and condo markets, often smaller and more sensitive to price fluctuations, continued to show mixed results. Co-op prices in Rockland County jumped 28% year-over-year, while co-op sales in the Bronx were down more than 14%. Westchester’s co-op sector saw modest gains in price, but a notable dip in pending transactions.
Year-to-date comparisons through April tell an important story: while total listings and closed sales may still lag behind last year in some areas, prices are holding firm, and in many cases, rising, thanks to sustained demand. Inventory remains a limiting factor across the region, though counties like Rockland and Putnam have shown some improvement in available supply.
“Real estate is hyperlocal,” HGAR’s Fernandez added. “What’s true in Westchester might not apply in Sullivan or the Bronx. That’s why our Realtors are such a valuable resource to buyers and sellers navigating this evolving market.”
Today’s report by the Hudson Gateway Association of Realtors is based on data supplied by OneKey MLS. The full April 2025 housing report, including interactive charts and county-level breakdowns, is available at: Market Data | Hudson Gateway Association of REALTORS® Scroll down to 2025 Market Stats)
The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
In April, existing-home sales in the Northeast fell 2.0% from March to an annual rate of 480,000, identical to April 2024.
The Tiki Beach event will feature live music by local band Heard Immunity.
AMS Acquisitions of New York City envisions transforming the currently vacant office complex at 800 E. Main St. into a park-like setting featuring 180 rental apartments.
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