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I’m here to provide you with the latest Westchester County real estate market update. Let’s delve into the current state of the market, with some intriguing figures that are bound to capture your attention and keep you well-informed.
As of September 2023, Westchester County is showcasing a striking real estate trend with only 1.9 months of available inventory, highlighting a strong seller’s market. This means there are fewer properties for potential buyers to choose from, creating a competitive environment that can work to your advantage.
Now, let’s break down the numbers. Over the past 12 months, there has been a significant 46% decrease in the month’s supply of inventory, indicating a faster pace in property sales. This is excellent news for sellers, as it suggests a higher demand for real estate in the area.
In terms of property selling efficiency, Westchester County stands out. The median days on the market is just 22 days, signifying a rapidly moving market and a robust demand for housing. Sellers can leverage this by strategically positioning their properties to attract motivated buyers.
Finally, let’s get to the number that matters most to you: the median sales price. In Westchester County, the current median sold price is an impressive $980,000, nearly hitting the million-dollar mark. This figure reflects the strong desire people have to live in Westchester County.
If you’ve been contemplating selling, this may be an ideal time to take advantage of the market trends. Should you have any questions or wish to explore your options further, please don’t hesitate to contact me on my cell phone at (914) 670-8410. I’m more than happy to discuss any and all possibilities with you.
