Luxury Home Prices Jump 3x Faster Than Average

Luxury Home Prices Jump 3x Faster Than Average

Luxury housing continued to outperform the broader market in October, with prices up 5.5% — nearly triple the growth of non-luxury homes, according to Redfin. Strong equity markets and cash-heavy buyers are keeping high-end demand resilient, even as typical buyers remain constrained by current mortgage rates. Additional findings:

• Number of sales: Luxury up 2.9%. Non-luxury sales at 0.7%.

  • Both markets are still near decade-low October levels.

• Inventory: Luxury up 6.4%. Non-luxury up 9.5%

  • Highest October levels in 5 years, but still below pre-pandemic norms.

• Days on Market: Luxury up to 58…

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The Westchester Market: From Hot to Healthy?

The Westchester Market: From Hot to Healthy?

The latest Market Hotness Rank from Realtor.com® and the Federal Reserve Bank of St. Louis (FRED) shows that Westchester County’s housing market could be transitioning toward a more balanced pace after two years of intense competition. The rank measures how “hot” an area’s market is compared to all U.S. counties — with 1 representing the hottest and 1,612 the coolest in the nation.

Westchester’s Market Hotness Rank so far in 2025:

• January (Rank 636): Soft start to the year following late-2024 cooldown.

• March (Rank 360): ???? Peak Spring demand.

• June (Rank 590): Early signs of the summer slowdown.

• August (Rank 851): ❄️…

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Realtor.com Says It’s Go Time for Buyers

Realtor.com Says It’s Go Time for Buyers

Still looking for the right home to buy? Mid-October may be your best shot. Realtor.com data shows that the week of October 12–18 is when the market tilts in buyers’ favor: more listings, lower prices, and fewer bidding wars. Sellers are more motivated, competition eases, and prices dip just enough to make a real difference — about $15,000 in savings on a median home. Here’s the breakdown:

• Listings jump 32% higher compared to earlier months.

• Prices dip 3–4% below peak levels.

• Competition falls by roughly 30%, easing bidding wars.

• October posts the lowest seller premium of the year (~8.8%).

• Buyers gain leverage to…

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Westchester Condo Inventory Hits Highest Level in 3 Years

Westchester Condo Inventory Hits Highest Level in 3 Years

As homebuyers work to balance budget constraints with lifestyle priorities, condominiums are becoming one of the most practical choices on the market. Whether you're a first-time buyer aiming to build equity or looking to downsize while staying in a prime location, today’s condo market offers strong opportunities — with inventory levels peaking at their highest level since 2021.

START YOUR CONDO SEARCH HERE

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Westchester Market Shows Strength Amid Supply Constraints

Westchester Market Shows Strength Amid Supply Constraints

The Westchester County real estate market showed remarkable strength in Q2 2025, holding steady despite (or perhaps because of) limited inventory. The median home price reached $1,075,000, up 11% year-over-year, while homes continued to sell quickly, averaging just 34 days on the market. Buyers remain active, and well-positioned homes are still commanding attention. Here are the numbers:

Ralph’s Take

Buyer demand continues to outpace housing supply across nearly every category. Properties are selling just as quickly as they did last year, but at higher price points across the board. With the exception of condominiums, inventory in Q2 was down…

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Market Shifts Are Reshaping Westchester’s Peak Season

Market Shifts Are Reshaping Westchester’s Peak Season

Click the Chart for All Statistics

Spring 2025 may have brought another early peak in Westchester’s real estate market. For the third year in a row, new listings declined from April to May, bucking the pre-2020 trend where May was usually the high point. Although inventory is up from last year, it's still well below historical norms, with fewer than half as many homes for sale this spring as in 2015. Here’s a deeper dive into Westchester County’s Spring markets since 2015:

• Earlier New Listing Peak: April has outpaced May for new listings in recent years, possibly due to sellers trying to attract buyers ahead of rising competition.

• Inventory Trends: The peak in…

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Zillow Downgrades 2025 Home Price Forecast

Zillow Downgrades 2025 Home Price Forecast

Zillow has revised its U.S. home price forecast via ResiClub, now predicting just a 0.8% increase from February 2025 to February 2026, down from earlier projections of 1.1% and 2.9%. This reflects rising inventory levels nationally and ongoing affordability issues, which are dampening buyer demand. Zillow expects only 4.1 million existing home sales in 2025, significantly below pre-pandemic levels.

• 2025 existing home sales projected at 4.1M, down from 5.3M in 2019.

• Temporary spring sales boost expected, followed by a seasonal dip.

• Single-family rents forecasted to rise 3.6%; multifamily rents up 2.5%.

• Rents continue climbing, 3.6% for single-family homes,…

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The Top Price Ranges Driving Westchester’s Real Estate Market

The Top Price Ranges Driving Westchester’s Real Estate Market

The chart above provides a breakdown of property showings by price range for homes listed under $2 million in Westchester County, from January 1st to March 15th. It highlights which price segments that are attracting the most buyer interest, showing trends in demand based on the number of showings per listing. Key findings:

Most Active Price Ranges:

1. $600K – $699K: The lead in every category, representing 12.19% of all showings.

2. $700K – $799K: Placed second in all categories except showings per listing (10th)

3. $1.6M – $1.69M: Second in showings per listing (21.24), despite overall low volume.

Ralph’s Take

…

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When to List Your Westchester Home for the Highest Offers

When to List Your Home for the Highest Offers

​According to a recent analysis by Realtor.com, the optimal time to sell your home in 2025 will be the week of April 13–19th. Homes listed during this period are expected to achieve higher selling prices, face reduced competition, and sell faster than average.​ Here’s why they consider that week ideal:

• Listings typically see a 1.1% increase in pricing compared to the average week.

• Properties often sell nine days quicker than the annual average.

• Sellers can expect 13% fewer competing listings.

Ralph’s Take

Buyers are entering the market early to get ahead of rising competition, yet many sellers have yet to list, keeping demand high and…

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Are Investors Really Buying All the Homes?

Are Investors Really Buying All the Homes?

If you’ve been worried about competing with Wall Street for a home, here’s some good news: Institutional investors (those owning 1,000+ homes) make up a small amount of the market, and they’re pulling back, according to multiple outlets. At the peak of the pandemic housing boom in Q3 2021, institutional investors made up 2.2% of home purchases. By Q2 2024, that number had dropped to just 0.3%.

• Institutional investors currently own 0.4% of the market.

• Small investors account for around 18% of the market.

• Total investor purchases, meaning all non-primary home buyers, hit 14.8% of home sales in Q1 2024, the highest share recorded since data tracking began in 2001.

  …

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