New Listings Surge.  Is Westchester Back on Track?

The number of newly listed single-family homes in Westchester County surged by 56.8% from August to September. This increase in inventory is seen as a positive development for active homebuyers and those returning to the market, especially as mortgage rates have decreased recently. While August saw a historically low number of new listings YOY — the fewest in over a decade — the more significant trend may be the September increase, which aligns with patterns seen in pre-pandemic years.

Ralph’s Take

The key question is — how will the upward trend of new listings between August and September impact the market this month? Westchester County has typically had a significant drop in new listings during October, with an average decrease of 25.0% between 2013 and 2019. Since 2020, however, the decline has been marginal, averaging just 9.85%.

Posted by Ralph Ragette Jr on

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