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)

2024: 727 (April)

National: According to HousingWire, new listings have increased nationally. Although they have not met the weekly forecasted minimum of 80,000 during the seasonal peak, reaching only 72,329. This marks the second-lowest year on record.

Ralph’s Take

It's intriguing to compare the local market to the national scene. Nationally, inventory levels have grown more than in Westchester County; however, new listing data suggests we may have reached a bottom plateau overall. In July, only 473 single-family homes entered the market, compared to the peak of 727 in April.


Posted by Ralph Ragette Jr on

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