Regional Home Sales Prices Continue to Rise While Sales Fall in HGAR Market Area
WHITE PLAINS—The Hudson Gateway Association of Realtors recently released February year-over-year housing statistics for its market area that includes The Bronx, Westchester, Rockland, Putnam and Orange counties, which showed continued price appreciation, low inventory and slower sales activity regionwide.
Westchester County continues to experience a tight housing market, with only 1.3 months of inventory, down from 1.9 months the previous year. Contributing to the tight housing market, active listings are down 29% year over year. The median single-family home price is at $1,025,500, up 19.8% year over year, and 100% of homes sold at the original asking price.
The Bronx continues to have higher inventory, currently at 7.4 months, making it a buyer's market. The Co-op and condo median price is up 5.8% to $275,000, while active listings are down 5.4%. Even with the inventory high, 97.1% of co-ops and condos sold for the original price. The median price for single-family homes was up nearly 13% at $375,000 and selling for 96.7% of the original price.
“February’s data shows a market under pressure, with rising home prices and fewer closed sales signaling ongoing inventory challenges,” said HGAR President Rey Hollingsworth Falu. “Demand is still strong, but limited supply continues to drive competition and affordability concerns.”
Putnam County statistics indicate its popularity and reflect its affordability, with months of inventory decreasing to 1.5 months from 2.2 months one year ago. Additionally, homeowners are holding on to their homes with active listings down 21%. The median home price rose 7.8% to $568,400, and 100% of homes sold for the original price.
Rockland County saw some movement year over year, with the months of inventory decreasing to 2.2 months year over year from 2.6 months and median single-family home prices increasing 2.4% to $799,000. Active listings did decrease 9.1%, with 99.8% of homes selling at the original price.
Orange County has the most affordable single-family homes in the area, with median prices decreasing slightly year over year to $470,000. The months of inventory are also higher, but still considered tight, at three months. Active listings in the area decreased 8.4%, and 98.6% of homes sold at the original price.
“As we head into spring, expanding inventory will be key to unlocking more activity and opportunity across our region,” said Hollingsworth Falu. “In this environment, it is critical for Realtors to demonstrate their value by understanding inventory, market trends and working with the right partners to ensure a seamless experience for their clients.”
Home sales fell throughout the HGAR market area, with the exception of Putnam County, which saw a 6.8% increase in sales in February as compared to 12 months earlier. Sales fell in The Bronx (-13.6%), Westchester County (-6.8%), Rockland County (-2.2%), Putnam County (+6.8%), and Orange County (-18%).
February 2026 Year-Over-Year Median Price - All Property Types
(single-family, townhome, condo and co-op)
Westchester County: $705,000, up 7%
Orange County: $431,812, down 4.9%
The Bronx: $375,000, up 12.8%
Putnam County: $575,000, up 7%
Rockland County: $765,000, up 7.7%
