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( NOTE: Link to ALL regional reports: Market Stats (hgar.com) . Scroll down to 2024 Market Stats) White Plains, NY (April 2024) Across our entire region, demand for all types of housing remains high. Single-family home sales in March continued to decline, with the Bronx experiencing the largest decrease of almost 30%, followed closely by Orange County with a 28.8% drop from this time last year. All other areas experienced double-digit declines in single-family home sales, with the exception of Sullivan County, which saw an 8.3% decrease. Sales of condos and co-ops in most of our region also saw sharp drop offs, with the exception of Rockland County, where condo sales rose by 8.6%. On the flip side, March single-family home prices were escalating in all areas, with the highest rate in Putnam County – a 19% hike - followed by Orange County with a 13% increase. Pending sales for all property types were down in most of the Hudson Valley, except for a slight uptick in Orange County. The Bronx, however, showed an impressive 30.3% increase in pending sales. Today’s report by the Hudson Gateway Association of Realtors (HGAR), based on data supplied by OneKey® MLS, also indicates inventory levels declined among all property types in all regions. March inventory in the Bronx saw the highest falloff with almost 44% fewer single-family homes and 28% fewer co-ops. Orange County’s single-family inventory dropped by almost 40%, and Westchester County, by 31.3%. “The Hudson Valley housing market continues to experience strong demand coupled with very low inventory, as interest rates are likely keeping potential sellers and buyers on the fence," said HGAR CEO Lynda Fernandez. "However, pending sales of single-family homes in the Bronx in March and throughout our market area earlier in the year are an indication of increasing future sales in the suburban New York City market." “The Spring market is typically a more active time for both sellers and buyers, so we expect to see more sales activity in the coming months,” HGAR President Carmen Bauman added. Bronx County In the Bronx, March single-family home sales plunged by 29.3%, while prices rose 6.8% to a median sales price of $625,000 from 2023. Condo sales declined by 11.1%, with the median condo sales price also declining over 27% to $247,500. In 2023, the median condo sales price was $340,000. Co-op sales fell 28.6% and the median sales price declined by 2.4%, bringing the new median to $205,000 from $210,000 at this time last year. New listings for single-family homes dropped by 31.5%, while new listings for condos decreased by 39%. Co-op new listings also fell by 11%. Overall inventory for all three housing types was down significantly, with condo sales faring the worst with a 45.1% decline. There were almost 44% fewer single-family homes on the market and nearly 22% fewer co-ops. Ironically, pending sales for all property types are up by 30.3%. Westchester County Co-op sales in Westchester County experienced the largest decline at 28.4%, followed by single-family homes at 14.3%, and condos, at 12.8%. Sales prices for all three property types rose, with condos seeing the highest jump at 9.4% to a median of $499,500. Single-family home sales rose by 4.2% to a $758,000 median and co-ops, 4.1% with a median of $202,000. New condo listings were up by just 4%, but co-op and single-family home listings fell by 18.3% and 14.9%, respectively. Inventory was down in all three sectors, with the largest drop in co-ops at 41.4%, followed by single-family homes at 31.3% and condos at 16.8%. Westchester’s overall pending sales were down by 2.3%. Putnam County Single-family home sales in Putnam County decreased by 16.4% over March 2023, while the median sales price saw a 19% hike to $547,450 from $460,000. Condo sales remained the same, but the median price increased 9.5% to $353,000. There were no co-op sales reported. New listings for single-family homes declined by close to 10%, while condo listings dropped by over 18%. Inventory for both property types decreased by 38.5% for condos, and 24.2% for single-family homes. Putnam County’s pending home sales were also down by 6.5% Rockland County Rockland County saw an uptick in condo sales at 8.6%, but March sales of co-ops and single-family homes dropped 60% and 15.3%, respectively. Co-op sales represented the largest increase by over 17% to $158,500. The single-family home median sales price increased 9.3% to $699,500, and condos by 4.7% to $354,000. All three property types saw new listings rise, with co-ops receiving the largest hike at 37.5%. Both condos and single-family home listings increased by over 5%. Meanwhile, inventory declined in all three areas, with co-ops seeing the largest decrease of over 46%, followed by condos at 27.5% and single-family homes at 18.2%. Rockland’s pending sales were also down, by just over 3%. Orange County In Orange County, sales of both single-family homes and condos tumbled by over 28%. Single-family home prices jumped 13.2% to a median of $427,500 from $377,500 at this time in 2023. Condo prices also increased by 5.5% to $279,500. There were no reported co-op sales this time, but the median price increased almost 50% to $147,750 from just $99,250 in 2023.  Inventory for single-family homes fell by almost 40%, and 28.8% for condos. New listings for single-family homes dropped 25.7%, but there were 25% more condos for sale than this time last year. Pending sales for all property types were up by 4.4% Sullivan County Sullivan County, the most affordable area of our region, is still seeing prices rise, with a March median of $290,000 for a single-family home – a 6.4% hike over the same time period last year. Sales fell by 8.3% and new listings declined by just 2.2%. The inventory change was less than 1% from last year. No condo or co-op sales were reported. Sullivan’s pending sales were down 15.7% from March of 2023. About HGAR The Hudson Gateway Association of REALTORS ® is a not-for-profit trade association consisting of over 13,000 real estate professionals doing business in Manhattan, the Bronx, Westchester, Putnam, Rockland, and Orange counties. It is the second largest REALTOR ® Association in New York and one of the largest in the country.

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White Plains, NY (March 2024) While February’s single-family home sales were down in every county except Westchester and Orange, home prices continued to escalate throughout the New York City Metropolitan region with Westchester, Rockland and Sullivan counties experiencing price hikes of over 14% from last February. Today’s report by the Hudson Gateway Association of Realtors (HGAR), based on data supplied by OneKey® MLS, also indicates inventory levels declined in all regions, with the Bronx, Orange and Putnam counties seeing the highest drops by over 30%. Sales of condominiums fared much better, with the Bronx and Westchester experiencing a more than 40 % growth rate over this time last year. Co-op sales, however, were down across the region, with Westchester and Rockland facing declines of more than 10%. February pending sales were up 8.4 % overall for the entire MLS region, with Westchester leading the way at 18.1%. “We continue to see high interest rates and low inventory impact single-family home sales in the Hudson Valley and New York City market areas but expect strong pending sales to result in rising sales in future months," said HGAR CEO Lynda Fernandez. “However, Increased condo sales in February do reflect strong demand and more options for buyers.” HGAR President Carmen Bauman added that the low housing inventory could represent potential home sellers’ apprehension about the interest rates. “I think a lot of people may still be waiting to see how low the rates will go before deciding to commit to place their homes on the market,” she said. Bronx County In the Bronx, February single-family home sales fell by almost 38%, while prices rose 2.6 % to a median sales price of $600,000. Meanwhile, condo sales jumped by 40% over this time last year, with a median price of $272,000 – just 0.7% higher than February of 2023. Co-op sales decreased by 4.3%, while the median sale price plunged by 23.5% to $175,848. New listings for single-family homes saw a decline of 11.5%, but new listings for condos rose by 38%, and co-ops, by just 1%. Overall inventory for all three housing types plummeted, with single-family homes seeing the largest drop at 35.7%, followed by condos at 31.3% and co-ops by almost 20%. Pending sales in the Bronx were down by 26.7% in February. Westchester County Westchester County experienced a slight increase in home sales by just 1.7% in February, along with an almost 14% increase in home prices, with a median of $831,250. Sales of condos skyrocketed by over 48%, with the median sales price holding at $411,000, an 8.1% drop from last February. Co-op sales saw a 10.2% decline, but a 6.1% hike in the median sales price at $199,500. New condo listings were up by 20%, followed by single-family home listings at 13%. Only co-op listings declined, by 10.7%. Overall, co-op inventory saw the largest decline at almost 42%, followed by single-family homes at almost 27%, and condos at 19.3%. Westchester’s pending sales were the highest in our region, escalating by 18.1%. Putnam County Single-family home sales in Putnam County decreased by 7.7%, while the median sales price saw a 4.2% hike to $468,750. Condo sales saw no changes, but the median price increased just over 3% to $325,000. There were no co-op sales reported. While Putnam offers very few condos, that market did see a 200% increase in new listings over the past year, while new listings for single-family homes saw just a 5.6% uptick. Overall, the condo inventory was up by 38.5%, but single-family homes declined by 37.5%. Putnam’s pending sales were rising slightly at 2.7%. Rockland County Rockland County’s single-family median sales price experienced the highest gain across our region at 16.8% to $730,000 from February 2023. Co-op median sales prices also saw a dramatic increase of 22.2% to $137,500, and condo prices grew close to 5% for a median of $385,000. However, property sales dropped in all three areas with co-ops leading the group with a 25% decline, followed by single-family homes at almost 12% below and condos with a 4.5% decline. New listings for co-ops escalated by 60% and 16.2% for single-family homes. Only the condo market saw listings fall by just over 24%. Inventory in all three sectors declined with co-ops leading the way at 61.5%, followed by condos at 36.4% and single-family homes at a 17.6% drop. Pending sales, however, were experiencing a dramatic increase to 16.3%. Orange County In Orange County, single-family home prices rose 5% to a median of $420,000, while condos saw a 2.4% decline in prices for a new median of $289,900. Condo sales increased by almost 15%, and single-family homes by 6.3%. There were no co-op sales reported. Inventory for single-family homes declined just over 30%, and 27.5% for condos. New listings also decreased in both areas by 6.8% for condos and 3.7% for single-family homes. Orange County’s pending sales were also on the rise by 9.6%. Sullivan County Sullivan County, once considered the oasis for affordable housing, experienced a 16.7% hike in single-family home prices to a new median of $332,500. Sales fell by 8.5% over last year, and new listings declined by 8.6%. Inventory was down by almost 10%. No condo or co-op sales were reported. Sullivan’s pending sales were also moving upward by 7.9%. About HGAR The Hudson Gateway Association of REALTORS ® is a not-for-profit trade association consisting of over 13,000 real estate professionals doing business in Manhattan, the Bronx, Westchester, Putnam, Rockland, and Orange counties. It is the second largest REALTOR ® Association in New York and one of the largest in the country. 

Pending Home Sales Higher Throughout Region