He currently serves on the OneKey MLS Board of Managers and has held prominent leadership roles, including 2022 President of the Hudson Gateway Association of Realtors.
Garafalo was the president of the Orange County Association of Realtors in 2011 and the Hudson Gateway Association of Realtors in 2019.
Putnam County, home to Carmel and Southeast, came out on top with a 15.6% increase in home sales from 2024.
Putnam County, home to Carmel and Southeast, came out on top with a 15.6% increase in home sales from 2024.
Home sales squeaked out a gain in the final quarter of 2025, helped by improving affordability conditions.
“Our data shows the market is adjusting rather than declining,” said Richard Haggerty, CEO of OneKey MLS.
Could the region see these exorbitant prices decline? The report states perhaps.
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun.
Single-family homes led the market with 3,229 closed sales, reflecting a 1.4% increase over the previous year.
2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales.
Homebuyer momentum is building. The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023.
Pending sales, especially the 5% jump across all property types, show buyers gaining confidence.
Wage growth is outpacing home price gains, which improves housing affordability. Still, future affordability could be hampered if housing supply fails to keep pace with demand.
Job gains in September, following the data blackout, are reassuring and suggest the economy is not slipping into a recession.
Year-over-year sales rose in the Northeast, Midwest and South, and decreased in the West.
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