Attention all Westchester homeowners! The real estate market
is buzzing with opportunities, and there has never been a better time to sell
and move on to your next adventure. Here’s why:
Single-Family Homes: The Star of the Show
For the first time in months, single-family home sales have increased by 4.6%. Even more exciting, the median sales price has surged by a remarkable 16.3%, reaching a new high of $980,000. Just a year ago, the median price was $842,500, and last month it was $870,107. This upward trend is your chance to capitalize on a booming market.
Condo Market: A Seller’s Dream
The condo market is experiencing a significant boost, with sales increasing by 16.5% and the median sales price rising by 9.8% to $499,500. If you own a condo, the demand is high, and buyers are eager. Listing your property now could yield excellent returns.
Co-ops: Growth Despite Challenges
While closed sales for co-ops have dipped by 4.8%, the median sales price has grown by 10.1%, now at $205,000. This price increase highlights the value and potential of co-op properties, making it a great time to sell.
Inventory Insights: A Seller’s Market
Overall, inventory is down. With months of supply down to just 2.5 months, there’s less competition, making it an ideal time for sellers to list a property. Homes in contract have fallen by 11.1%, indicating that buyers are ready but waiting for the right property to hit the market. Your home could be the one they’ve been searching for. Don’t miss this golden opportunity to sell your home at a premium price. Move forward and live out your dreams while the market is in your favor. To start your journey… AskHollingsworth.
Photo Source: OneKey MLS