Found 2 blog entries tagged as National Market.

Westchester’s New Listings Have Likely Peaked for 2024

Westchester County: The peak for monthly new listings has likely already been reached this year. Excluding 2020, the majority of new listings typically come on the market in April or May. This year’s peak occurred in April, one month earlier than last year, and with approximately the same numbers (727 down from 731). Here’s the data I gathered from OneKey MLS®.

2013: 1,322 (April)

2014: 1,334 (May)

2015: 1,395 (April)

2016: 1,163 (April)

2017: 1,224 (May)

2018: 1,292 (May)

2019: 1,280 (May)

2020: 1,261 (June)

2021: 1,116 (April)

2022: 952 (May)

2023: 731 (May)

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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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