The Westchester Real Estate Market is stable. Westchester recorded total single family sales of 5,838 which was a slight .8% decrease in sales over the last 12 months since Dec 2018. The median sale price for a Westchester single family house rose slightly .8% to $655,000. Days on market remained relatively unchanged at 77 days. Sellers are getting 95% of the list price on average and available inventory is slightly up by .2%.
The median sale price was $385,000 for a condo in Westchester over the same period. The median was $175,000 for a co-op. Low co-op inventory, down 15.3% over the last 12 months, and slower new listings, down 5.4%, pushed prices up 6.1%.
The numbers are reported by the Hudson Gateway Multiple Listing Service, Inc., a subsidiary of the Hudson Gateway Association of Realtors. Local realtors are optimistic for 2020. The SALT deduction (cap of $10,000 on state and local tax deductions) imposed by the federal tax reform law did not have the dramatic negative impact predicted.