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 progresses.
If you’re buying this year, keep a close eye on new listings. The median days on market is still just 25 days — the same as last year.**
*Altos Research, **OneKey® MLS
Posted by Ralph Ragette Jr on
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