Quarter 4 2025 | Market Report
Westchester is the one market in our footprint that hasn’t slowed all year. Entering 2026, the median single-family price was $915,000, up 3.4% year over year, with just 1.8 months of inventory and homes routinely selling at 100% of list, per HGAR and OneKey MLS. By late spring, the median had climbed to $999,000, with closed sales up nearly 8% - buyers are absorbing higher prices, not backing away. Homes were selling in about a month, down from 36 days a year earlier. As in Connecticut, competition is fiercest at entry level: homes under $500,000 draw multiple offers within days, while listings above $1 million see more room to negotiate.
The surprise this quarter is Hudson Valley. After a long run as one of the region’s hottest markets, time on market is increasing and buyer activity is softening. It’s still a market with real appeal, but one reaching for balance.
New York City continues to demonstrate remarkable resilience. Record employment, a strong recovery in office leasing, rising residential values, and record Wall Street bonus pools continue to support demand across Manhattan and the surrounding boroughs, reinforcing the city's long-term strength as one of the world's premier real estate markets.