Quarterly Indicators
Westchester County
Q-4 2022
Please see the recent Q4 Indicators on OneKey MLS
"2022 ended in stark contrast to the beginning of the year, as inflation, higher
interest rates, and declining affordability further constrained market activity in the
fourth quarter. The Federal Reserve raised its benchmark interest rate to the
highest level in 15 years, and mortgage rates remained volatile, with the 30-year
fixed-rate briefly exceeding 7% before dropping again in recent weeks. Buyer
demand is down significantly compared to this time last year, and sellers and
builders have reacted accordingly, cutting prices and offering sales incentives in
an attempt to draw buyers".
Contact me with any questions!
Sally
914-420-4260