Market
NAR: Existing-Home Sales Fell 5.9% in March
Total housing inventory registered at the end of March was 1.33 million units, up 8.1% from February and 19.8% from one year ago (1.11 million).
March Single-Family Home Sales Rose in Most of the Hudson Valley Region; The Bronx Led the Way with a Nearly 21% Increase
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
OneKey MLS: Region Remained Seller-Favored Market in March with Varied Pricing Shifts
Westchester County consistently leads the market with the highest median sale prices, peaking at $1,031,500 in June 2024 before settling at $860,000 in March 2025.
Houlihan Lawrence Reports Housing Markets North of NYC Exhibited Remarkable Adaptability, Strength in First Quarter
Looking ahead, the second quarter of 2025 is expected to bring a modest increase in listing activity as would-be sellers grow more comfortable with the new normal of interest rates and recalibrated expectations.
NAR: Housing Affordability Seldom Influences Homeowners' Remodeling Decisions
The top remodeling projects that Realtors recommend sellers complete before listing their homes include painting the entire home (50%), painting a single interior room (41%) and installing new roofing (37%).
NAR: Baby Boomers Regain Top Spot as Largest Share of Home Buyers
The report revealed that 24% of recent home buyers were purchasing for the first time, a significant drop from 32% last year.
NAR: U.S. Pending Home Sales Advanced 2.0% in February; Northeast Pending Deals Fell 0.9%
NAR forecasts mortgage rates will average 6.4% in 2025 and 6.1% in 2026.
Report: Bigger Down Payments Continue in Q4 2024 as Homeowners Use Pandemic-Era Savings and Increased Home Equity
Buyers paid 14.4% as a share of purchase price and $29,900 on average in 2024, up from 14.2% and $27,200 in 2023.
NAR: Existing U.S. Home Sales Rose 4.2% in February; Northeast Sales Fell 2%
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
February Single-Family Home Median Sales Prices Rose Throughout the Lower Hudson Valley, Despite Sales Declines in Most Regions
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
Realtor.com: U.S. Housing Market Facing a 3.8-Million Home Shortage
For the first time since 2016, new construction activity outpaced household formations. Yet, the nation still faces a supply shortfall of 3.8 million homes.
NAR: Pending Home Sales Waned 4.6% in January; Northeast Posted Slight Gain
It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in upcoming months.