Spring Market Shows Signs of Momentum Despite Ongoing Inventory Challenges

The spring housing market across the Hudson Valley and surrounding regions is showing renewed activity as buyers continue to compete for limited inventory, according to the latest April 2026 market reports provided by OneKey® MLS. While inventory levels remain constrained in many areas, new listings are beginning to rise in several counties just as the traditional spring selling season gains momentum. 

Westchester County’s single family home market continued to demonstrate remarkable resilience. The median sales price climbed to $997,500 in April, while homes sold quickly with an average of just 43 days on market. Sellers also continued to receive above asking price offers on average, with homes receiving 104.5% of original list price. Inventory, however, declined more than 14% year over year for the month, underscoring the ongoing shortage of available homes. 

Rockland County also saw prices remain strong. The median single family home price rose to $762,500 while inventory increased modestly by 8.2% in April. Condo activity showed additional strength with both closed sales and inventory rising year over year, offering some opportunities for buyers searching for alternatives to single family homes. 

Orange and Putnam counties continued attracting buyers seeking affordability and space compared to downstate markets. Orange County experienced a nearly 20% increase in new single family listings during April, while Putnam County posted a 21.1% increase in new listings. Although closed sales softened slightly month over month in both counties, buyer demand remains active as homes continue selling relatively quickly. 

In the Bronx, the single family market posted some of the region’s strongest gains. Closed sales jumped more than 70% year over year in April, while the median sales price rose to nearly $700,000. Co op prices also continued climbing, reflecting sustained buyer demand throughout the borough. 

Nationally, housing trends continue to mirror many of the conditions being experienced locally. According to the National Association of REALTORS®, existing home sales remained relatively flat in recent months as inventory shortages and affordability challenges continue to limit activity in many markets. However, economists note that increasing inventory levels compared to last year are beginning to provide buyers with more options as the market gradually normalizes.

For sellers considering entering the market this spring, REALTORS® recommend preparing homes carefully before listing, pricing competitively based on current conditions, and understanding that today’s buyers are highly informed and value conscious. Buyers, meanwhile, are encouraged to secure mortgage preapprovals early and remain flexible as inventory levels continue to evolve throughout the season.

As the spring market continues unfolding, REALTORS® throughout the Hudson Valley, Bronx, and Manhattan remain cautiously optimistic that additional inventory could help ease some of the pressure buyers have faced over the past several years while continuing to support strong home values across the region.

NOTE: Link to ALL regional reports:  Market Data | Hudson Gateway Association of REALTORS®