Examiner+ quoted some of the things I have mentioned on my 2021 Market Update.
Read my full post here.
To read more about Examiner+ article, click here.
Click here for the quarterly and annual market stats from the Hudson Gateway Association of Realtors: http://www.jeremyzucker.com/blog/2021-fourth-quarter-market-update/
And the link for the Wall Street Journal: https://www.wsj.com/articles/millennials-are-supercharging-the-housing-market-11639496815?st=qh7ycypkv29a1rr&reflink=share_mobilewebshare
The Westchester real estate market continues to be on fire! Here is a look at the number of sales year-to-date (YTD) compared to prior years; single family sales activity is up at least 38% in 2021 vs. 2018, 2019 and 2020.
NUMBER OF SALES |
||||
Month |
2018 |
2019 |
2020 |
2021 |
Jan |
373 |
373 |
433 |
558 |
Feb |
299 |
291 |
315 |
466 |
Mar |
349 |
323 |
312 |
488 |
Apr |
380 |
388 |
341 |
503 |
May |
449 |
478 |
405 |
555 |
1850 |
1853 |
1806 |
2570 |
|
Month |
18/'21 % Change |
19'21 % Change |
20/'21 % Change |
|
Jan |
49.60% |
49.60% |
28.87% |
|
Feb |
55.85% |
60.14% |
47.94% |
|
Mar |
39.83% |
51.08% |
56.41% |
|
Apr |
32.37% |
29.64% |
47.51% |
|
May |
23.61% |
16.11% |
37.04% |
|
38.92% |
38.69% |
42.30% |
MEDIAN SELLING PRICE |
||||
Month |
2018 |
2019 |
2020 |
2021 |
Jan |
$610,000 |
$625,000 |
$620,000 |
$720,000 |
Feb |
$615,000 |
$595,000 |
$665,000 |
$695,000 |
Mar |
$615,000 |
$582,500 |
$663,125 |
$693,500 |
Apr |
$649,700 |
$631,750 |
$687,500 |
$775,000 |
May |
$704,000 |
$690,000 |
$720,000 |
$805,000 |
$638,740 |
$624,850 |
$671,125 |
$737,700 |
|
Month |
18/'21 % Change |
19'21 % Change |
20/'21 % Change |
|
Jan |
18.03% |
15.20% |
16.13% |
|
Feb |
13.01% |
16.81% |
4.51% |
|
Mar |
12.76% |
19.06% |
4.58% |
|
Apr |
19.29% |
22.68% |
12.73% |
|
May |
14.35% |
16.67% |
11.81% |
|
15.49% |
18.06% |
9.92% |