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Market Shifts Are Reshaping Westchester’s Peak Season

Market Shifts Are Reshaping Westchester’s Peak Season

Plus, it's National Homeownership Month, The Buy Now vs. Wait Calculator, and a Jam-Packed Weekend of Events Coming Up in Westchester County.

Ralph Ragetté Jr
June 13, 2025 • Reading Time: 9 minutes

Today would have been my grandfather’s 105th birthday.

Thirty-five years before he was born, his grandfather (my great-great-grandfather) founded our firm in 1885.

As we celebrate Father’s Day this weekend, I’m especially grateful for the legacy both my grandfather and father passed down. 140 years later and our family is still doing the work we love.

(Scroll down to see where it all began in New York City)

Today’s Topics:

Have New Listings & Pending Sales Peaked in Westchester?
Happy National Homeownership Month 🏡
New: Buy Now vs. Wait Calculator

Market Shifts Are Reshaping Westchester’s Peak Season

Spring 2025 may have brought another early peak in Westchester’s real estate market. For the third year in a row, new listings declined from April to May, bucking the pre-2020 trend where May was usually the high point. Although inventory is up from last year, it's still well below historical norms, with fewer than half as many homes for sale this spring as in 2015. Here’s a deeper dive into Westchester County’s Spring markets since 2015:

Earlier New Listing Peak: April has outpaced May for new listings in recent years, possibly due to sellers trying to attract buyers ahead of rising competition.
Inventory Trends: The peak in total active listings has shifted from May (pre-2020) to later months like July (2020–2022), June (2023), and September (last year), partially influenced by fluctuating mortgage rates.
Pending Sales: May has typically seen the highest number of pending sales, with exceptions in 2015 (June), 2020 (July), and 2022 (March)
Market Dynamics: With just 2.5 months of supply compared to 7.2 in May 2015, the market continues to favor sellers even as seasonal trends evolve.

Ralph’s Take

Spring used to be a predictable powerhouse for the market, but that predictability has faded slightly. Sellers are listing earlier, buyers are moving later, and inventory peaks now stretch into summer or even fall. The one constant? Well-priced homes still move fast. If you're thinking about making a move, timing and strategy matter more than ever.

Westchester Weekly Market Tracker 📈

Coming Soon: 24 ↓-15
New Listings: 238 ↓-34
Price Reductions: 87 ↓-7
Pending Sales: 209 ↑+1
Closed Sales: 171 ↓-6

💰 Notable Sale: 69 Washington Avenue, Hastings-on-Hudson: $1,425,000 - 43% over ask in 8 days.

_{Property Type: Residential. OneKey MLS, Inc. 6/6/25 - 6/13/25.}

30 years of National Homeownership Month 🏡

Homeownership remains a cornerstone of the American Dream — but getting started can feel overwhelming. Nearly 1 in 4 Gen Z and Millennial adults say they’re anxious about where to begin and who to trust. And 69% of U.S. adults mistakenly believe mortgage rates are at all-time highs. Add Redfin’s headline about “500,000 more sellers than buyers,” and hesitation is understandable. But here’s what’s missing:

72% of renters are more worried about rising rents and their long-term finances.
While rates are up from pandemic lows, they’re still under the historical average of 7.7%; and projected to dip in the year ahead.
22 of the top 50 metro areas have returned to pre-pandemic inventory. Listings are up in the South (+3.6%) and West (+10.8%), but down sharply in the Midwest (–41%) and Northeast (–52.4%). That’s not an oversupply — it’s a regional imbalance.
Home prices typically rise faster than inflation.
Homeowners have nearly 40X the net worth of renters.

Ralph’s Take

While the national headlines spark conversation, they rarely tell the whole story. Local markets can differ widely, and understanding those nuances is key to making informed decisions. A home is more than just a roof over your head, it’s a reflection of who you are, a place for the people you love, and a symbol of everything you’ve worked for. Every mortgage payment builds equity; it’s like living in your own savings account. Yes, buying is a responsibility, but the rewards grow with time. The key is having a clear plan, and the right guidance. When you're ready, I'm here to help you take that first step.

The Buy Now vs. Wait Calculator 🧾

Just in time for National Homeownership Month, MGIC’s Buy Now vs. Wait Calculator gives first-time homebuyers a clear comparison of the financial impact of buying now versus waiting to save for a 20% down payment. Waiting might lower your future mortgage payment, but rent doesn’t build equity — and there’s no guarantee rates, prices, or inventory will improve. This tool gives you an instant, detailed breakdown to help you make a confident decision.

> Try it out and share your results with me!

Just Missed the Cut

Mortgage Watch 📉

Today’s average 30-year fixed mortgage rate is 6.89% (⬇️ 0.08 from this time last week).

_{> The rate you may be eligible for can vary greatly from the daily average published via}_{Mortgage News Daily}_.

🎪 Westchester Events

Katonah Fireman’s Carnival (last week)

Saturday, June 14th - Sunday, June 15th

6/14: Comedy from Scratch
6/14: Downtown Summer Sizzle
6/14: DJ Days at Croton Point Beach
6/14: Friends of Rockefeller State Park Preservation Gala
6/14: Hudson River Music Festival
6/14: Juneteenth Parade and Festival
6/14: Pound Ridge Bake Off
6/14: RiverArts Music Tour and Festival
6/14: SUP Yoga and Paddleboarding, Sleepy Hollow
6/14: Yonkers Pride Festival
6/14 - 6/15: Stories from Spoon River
6/14 - 6/15: Ukrainian Heritage Festival
6/15: Bicycle Sunday
6/15: County Line Bluegrass
6/15: DJ Days at Glen Island Beach
6/15: Father’s Day Rockin’ Brunch

Farmer’s Markets:

Saturday: Bronxville, Chappaqua, Greenburgh, Hartsdale, Hastings-on-Hudson, Katonah, Larchmont, North Salem, Ossining, Peekskill, Pleasantville, Pocantico, Sleepy Hollow / Tarrytown
Sunday: Irvington, Katonah, Mount Kisco, Rye, Scarsdale, Somers, Tuckahoe