Found 8 blog entries tagged as Home Values.

Westchester County Mid‑Year 2025 Home Sales by School District

Westchester County, Home Sales by School District

Click on Map for Interactive Data

This interactive map highlights 2025 mid-year single-family home sales in Westchester County, broken down by school district. The color scale reflects the median days on market — with darker red areas indicating faster-moving inventory and green areas showing slower sales activity.

Click the map to explore full district-level data, including:

  • Closed sales volume

  • Median days on market (DOM)

  • Average list price and closed price

  • Median and highest sale-to-list ratios

  • Lowest and highest recorded sale prices

As always, we're here to answer your…

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What is My Home Worth? 

Over 20 years of selling real estate, that’s the question I’ve been asked the most.

Today, I'm launching the first part of a three-part series on how I price a home for the market.

1. Thoroughly Understand the Property.

To price a home correctly, I need to understand everything about the property. This helps me compare it with other homes and choose the right price. I start by looking at recent home sales in a large area, like the whole school district. Then I narrow it down to smaller areas, such as homes within the same elementary school district, depending on how many similar sales I can find.

Here are the key factors I focus on to make sure the price is accurate:

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Back-to-School: Home Values in Your District 

As kids head back to school, it's an ideal time to examine local real estate values within each school district. School quality plays a crucial role in home buying decisions, often driving up demand and property prices in top-rated districts.


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8.5% of U.S. Homes are Worth $1 Million or More

A Redfin report reveals that 8.5% of U.S. homes are now valued at $1 million or more, a significant increase driven by limited housing inventory and high mortgage rates. This trend is particularly pronounced in coastal cities, with nearly half of all homes in some California cities reaching the million-dollar mark.

  • Increase driven by severe shortage of home inventory

  • Nearly 1 in 10 U.S. homes are now valued at $1 million or more

  • Million-dollar homes more than doubled since the pandemic

Ralph’s Take

The rise in million-dollar homes reflects growing economic disparities and highlights the increasing difficulty for average buyers to…

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U.S. Home Price Forecasts for 2025

According to Resiclub's analysis of top housing forecasters, U.S. home prices are expected to rise by an average of 2.5% in 2025. Here's a detailed breakdown of the projections from each forecaster:

  • Goldman Sachs: 4.4%

  • Wells Fargo: 4.3%

  • Mortgage Bankers Association: 3.3%

  • Morgan Stanley: 3.0%

  • Zelman & Associates: 2.3%

  • Fannie Mae: 1.5% 

  • Freddie Mac: 0.5%

  • Moody’s: 0.3%

Ralph’s Take

Expect steady national growth through the end of this year and into the next. Locally, home prices will continue to rise faster than the national average due to the low level of new construction and the historically low volume of…

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Redfin: U.S. Home Prices Hit New All-Time High

The median sale price nationwide hit $397,954 for the four weeks ending June 30th, a new all-time high according to Redfin, with a 4.9% year-over-year increase. Here are additional key findings from Redfin:

  • Pending sales: Down 4.6% YOY, the largest decline in 4 months

  • New listings: Up 9.9% YOY, the highest increase in 2 months

  • Active listings: Up 17.5% YOY

  • Housing supply: 3.3 months (balanced market is 4-5 months)

  • Median days on the market: 32 days, up 5 days YOY

  • Homes sold above list price: 32.3%, down 3.7% YOY

  • Homes lowering asking price: 6.9%, the highest on record

Ralph’s Take

There’s a mix of good…

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FORTUNE: HOMEOWNERS SITTING ON A RECORD AMOUNT OF EQUITY

Home prices are significantly higher than before the pandemic, driven by buyers using record amounts of equity. Realtor.com’s chief economist, Danielle Hale, highlights that buyers not affected by current mortgage rates are opting for more expensive homes. This trend is also evident among sellers, particularly baby boomers unaffected by high mortgage rates. Here’s what else the Fortune article reports:

  • Baby boomers: 17% are free of the lock-in effect

  • Mortgage rates: Averaging 7.14% daily, 6.86% weekly.

  • Market shift: Increase in lower-priced home inventory

  • Future outlook: Potential for mortgage rate drops may stabilize or further shift prices…

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Realtor.com: Upstate New York Home Prices Are Poised to Skyrocket as Big Tech Moves In

The establishment of "Quantum Valley" in the Hudson Valley is expected to significantly impact local home prices, according to a report by Realtor.com. As tech companies and research institutions flock to the area, the demand for housing has surged, driving up property values. This influx is also spurring infrastructure development and increasing competition among homebuyers, leading to a rapid escalation in home prices.

Key Points:

  • Increased Demand: The presence of tech companies and research institutions in "Quantum Valley" is attracting professionals, increasing the demand for housing in Hudson Valley.

  • Rising Home…

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