Found 7 blog entries tagged as Westchester County.

Inside Westchester’s Bidding Wars

Bidding wars in Westchester County, New York

The Westchester County housing market continues to see a high volume of homes selling above their asking price. My analysis of single-family home sales by school district reveals that 56.2% of closed sales last year sold above list price. Of the 39 school districts I reviewed, 30 had a majority of sales close above asking, while only 9 districts fell below the 50% mark. Every school district, with the exception of Bronxville (99.3%) and Tuckahoe (96.8%), had an average sale-to-list price ratio above 100%.

Highest Percentage of Sales Over Ask:
    1.  Hendrick Hudson:  77.8%
    2.  Rye Neck:  72.2%
    3.  Elmsford:  70.8%
    4.  Irvington:  69.4%
    5.  Ardsley:  68.4%
    6.  Peekskill:  67.9%

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Two weeks ago, I launched a three-family listing, and the turnout blew us away.

Over 100 people showed up to the open house. Anticipating a strong turnout, I brought backup: my father (our broker), a sales agent, and a mortgage pro — and we could still barely keep up.

We received 4 offers on the first day, and by Thursday's "Highest and Best" deadline, that number had grown to 16.

The seller accepted an above-asking offer with exceptional terms. ????

An open house visitor asked: Which markets get the highest bids over asking?

What a great Question! We’ll dive into that tomorrow.

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The financial markets were all over the place this week.

Stocks dropped early on, and bonds weren’t spared either. As bond prices fell, yields jumped — pushing mortgage rates higher. The average 30-year fixed mortgage rate now sits at 7.1%, the highest level since February 19th.

But here’s the silver lining: Volatility works both ways.

Last Friday, the average rate had dipped to 6.55% — the lowest point so far this year. That drop sparked a surge in activity: mortgage applications jumped 20%, hitting their highest level since September 2024, while refinance demand soared 35% in just one week.

Savvy buyers should be ready to lock in lower rates during the dips as they move through the homebuying process.


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We're all closely watching how markets are reacting to the Trump administration’s newly imposed tariffs — but first, a few thoughts on March’s real estate activity.

Nationally, the market is moving — but prices aren’t surging.

For the first time this year, weekly home sales topped 2024 levels. Inventory is up 30% year over year. And the median home price? Just 1% higher than this time last year.*  

Locally, inventory levels remain nearly identical to last year.

Last month, 883 new listings came on the market in Westchester County — a slight uptick from the 878 in March 2024. That represents a modest 3.6% increase. But the median home price is up 9.47%.**

More homes will hit the market as the season…

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July’s Real Estate Statistics for Westchester

New Listings and Median Home Prices had gains across all property types last month while the total amount of homes for sale continued to decline.

  • Single-family home sales in Westchester County saw a 6.6% increase in new listings and a 1.6% rise in closed sales, with the median sales price up 6.3% to $1,010,000.

  • Condos experienced strong growth, with new listings up 18.5%, closed sales up 30.5%, and a 16.7% increase in the median sales price to $525,000.

  • Cooperatives had mixed results, with new listings up 18.4%, but closed sales down 10%, while the median sales price rose slightly by 1.9% to $214,000.

Ralph’s Take

It’s…

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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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Certified Distressed Property Expert®
"Solving the foreclosure crisis one homeowner at a time.™

Ralph Ragetté Jr Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclosure

Eastchester, NY – July 26, 2013 – Ralph Ragetté Jr of Ragetté Real Estate in Eastchester has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by Ragetté will help benefit Westchester area residents and communities.

Short sales allow the distressed homeowner to repay the mortgage at…

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