Found 41 blog entries tagged as Pricing.

Westchester Real Estate’s Largest Price Reductions!

These Westchester properties have had some of the steepest drops from their original list prices to today’s asking numbers. As market conditions shift and buyer feedback rolls in, sellers often need to adjust to stay competitive. The homes highlighted below represent the largest of those resets, just in time for Black Friday!

49 Indian Hill Road, Pound Ridge

$7,500,000 → $4,300,000

4 Woodland Place, White Plains

$1,999,995 → $1,400,000

14 Hamilton Avenue, New Rochelle

$1,400,000 → $999,000

1430 Riverview Avenue, Peekskill

$1,229,000 → $890,000

1 Scarsdale Road,…

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NAR’s Forecast: Home Sales Headed for a 14% Increase

The latest forecast from the National Association of Realtors (NAR) predicts existing home sales in the U.S. will increase by about 14% in 2026, driven by improving economic fundamentals and a slight easing of mortgage rates. Home prices are expected to continue rising nationally around 4% next year, after an estimated 3% rise by the end of this year. Additional predictions:

  • 14% increase in existing home sales.

  • 5% increase in new home sales.

  • Mortgage rates to drop gradually to 6%.

Ralph’s Take

I’ll be putting together a full list of forecasts as we get closer to the end of the year, but here’s my early read:…

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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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For Sale By Fewer: FSBO Sales Plunge to Historic Low

The latest data from the National Association of Realtors (NAR) reveals that For Sale By Owner (FSBO) sales have plummeted to just 5% of all transactions — an all-time low. Back in the 1980s, FSBOs made up 21% of the market. Here’s what changed according to the report:

  • Lower Returns: FSBO homes typically sell for nearly $100K less.

  • Limited Reach: No MLS means fewer eyes on your home.

  • Off-Market Deals: Most FSBOs are sold to friends or family.

  • Online Gap: FSBO listings rarely show up where buyers are searching.

  • Legal Risk: One wrong form can turn into a costly mistake.

Ralph’s Take

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The Westchester Market: From Hot to Healthy?

Real Estate Market Hotness: Westchester County, NY

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

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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The $1 House: Real Estate’s Latest Bidding War Trigger

In today’s overheated housing market, desperate buyers aren’t the only ones making bold moves, some homeowners are flipping the script with a striking tactic: listing their homes for just $1. While no one expects to walk away with a property for less than the cost of a pack of gum, this marketing move is igniting exactly what it’s designed to create: buzz, bidding wars, and viral attention.

Ralph’s Take

Why does the $1 strategy work? Because everyone clicks. A house listed for a dollar is clickbait, engineered for attention. An agent in New Jersey just turned a $1 listing into a $550,000 sale — they were hoping for $500,000. Another pulled in 47 offers. In the…

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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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The Equity Effect: How Homeowners Use Gains to Upsize, Invest, or Refinance

If you own a home in Westchester County chances are you’re sitting on a historic amount of equity. Since 1995, New York property values have surged by an incredible 284%, and in Westchester County, values jumped more than 30.8% just since March 2020. According to the June 2025 Mortgage Monitor from ICE Mortgage Technology, U.S. homeowners are accessing their equity at the highest levels since 2008. Here’s where that equity might be going:

  • Helping Families Buy Homes: Bank of America reports that 49% of Gen Z buyers received help from family.

  • Home Improvements: Many homeowners are choosing to renovate rather than move due to…

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Mapped: The Income Required to Buy a Home in Every U.S. State


Two recent reports tackled the growing income hurdle facing homebuyers, and while their numbers differ slightly, their conclusions are similar. Bankrate estimates that purchasing a median-priced home in the U.S. (roughly $418,500) requires a household income of about $116,986, up nearly 50% from $78,236 in early 2020. Realtor.com puts the figure at $114,000 and highlights a dramatic shift at the state level: over 30 states (plus D.C.) now demand six-figure incomes to afford a typical home, a steep jump from just six states five years ago.

Exploring key aspects of housing affordability:

  • Stagnant Wage Growth: Income growth has not kept pace, widening the gap…

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