The Westchester Real Estate Market is strong. The Hudson Valley recorded total residential sales of 18,854 which was a 4% increase in sales over 2016 sales of 2016. The median sale price for a Westchester single family house rose 3.1% to $642,250 from $623,175. This was a slower pace than the 12.5% growth of 2016; an indication that sales may be reaching a more sustainable level or, in fact, may have been hampered by increasingly lower inventory levels.
The numbers were reported by the Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of Realtors. Orange County had a 9.6% volume increase over last year. Single family home median prices in Orange increased 6.2% to $243,250. Rockland’s median house price was $440,000, 3.5% higher than last year.
Local realtors are optimistic for 2018, with a watchful eye on tax policies. If you are interested in local home values…AskHollingsworth
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