Buyers beware: Hudson Valley housing demand remains high amid low supply
The pandemic sparked many to leave the city and buy homes in the Hudson Valley last year, pushing the market to a high note that's still playing out.
•
Mar 4, 2021, 11:05 PM
•
Updated 1,240 days ago
Share:
More Stories
Hometown Heroes in the Hudson Valley
3ds ago1:28
Medical experts recommend to still take precautions following CDC's revised COVID isolation guidelines
147ds ago1:52
Judge: 3 men convicted in COVID-19 relief aid fraud
168ds ago1:47
Wondrous Things store in Briarcliff Manor to close after 34 years; everything 25% off
295ds ago0:28
Rockland small businesses get COVID-19 reimbursement grant
295ds ago
Nobel in medicine goes to 2 scientists whose work enabled creation of mRNA vaccines against COVID-19
298ds agoHometown Heroes in the Hudson Valley
3ds ago1:28
Medical experts recommend to still take precautions following CDC's revised COVID isolation guidelines
147ds ago1:52
Judge: 3 men convicted in COVID-19 relief aid fraud
168ds ago1:47
Wondrous Things store in Briarcliff Manor to close after 34 years; everything 25% off
295ds ago0:28
Rockland small businesses get COVID-19 reimbursement grant
295ds agoNobel in medicine goes to 2 scientists whose work enabled creation of mRNA vaccines against COVID-19
298ds agoThe housing market is still hot in the Hudson Valley, but buyers beware - because it's a seller's market for sure.
One of the Hudson Valley's newest neighbors is international performing jazz artist Chad Lefkowitz-Brown, known as Chad LB. He moved from New York City to Pound Ridge last month.
The pandemic sparked many to leave the city and buy homes in the Hudson Valley last year, pushing the market to a high note that's still playing out.
Homes for sale are down 44% this January compared to last. Days on market down are down 34%. Closing sales are up 35%, and median sales prices are up by 14%.
It all points to a seller's market as demand remands high - and supply low.
Sellers are advised to have the home move-in ready and get an agent to maximize the sale.
Buyers are encouraged to have a pre-approval and proof of funds when booking showings and a good down payment.
