Providing a comprehensive picture of the Westchester County (or, Connecticut) residential real estate market, our Quarterly Market Watch Reports offer an extremely valuable resource for consumers, real estate professionals, financial institutions, the media and other professionals associated with the market.
Each report includes in-depth analysis of home sales activity and prices, outlining current conditions, historical trends and emerging directions that point to where the market is headed.
Driven by improved consumer confidence, the third quarter market results are the highest we have seen post-recession in most of our housing markets. With activity at a five-year high, a quick snapshot of the market reveals that inventory levels and days on market are still declining, that prices are level while the median selling price is rising, and that the luxury market is starting to come back. Since all real estate is local, please read the Third Quarter 2013 Westchester Market Watch for a detailed analysis of your community.
The second quarter market results are in, and they are the best we have seen in five years. The seeds of the recovery started in the third quarter of 2012 and have continued to strengthen in the intervening months. All indicators point to a sustainable housing recovery and continued improvement. Since every market is different, please read the Second Quarter 2013 Westchester Market Watch for a detailed analysis of your community.
During the first quarter of 2013, the residential real estate market saw two major overarching trends: the market was active, and buyers were educated. Sales have been up and showings have increased dramatically in relation to the past several years. Successful transactions depended on introducing knowledgeable, committed buyers to well-priced and well-presented properties. First quarter activity levels indicate a strong 2013 housing market. Since all real estate is local, please read the full First Quarter 2013 Market Watch to find out how your market performed and see the outlook for 2013.