Average number of days Westchester homes spent on market hit 10-year low in 2018

Homes in Westchester County spent an average of 76 days on the market in 2018 — marking a 10-year low, according to a 2018 fourth quarter market report for the county released by Berkshire Hathaway HomeServices. Westchester reached that milestone despite a “significant increase in outbound moves, along with a tumultuous election season, the volatility on Wall Street and a limited supply of available inventory,” the report said. Sales of homes with $750,000 to $1 million price tags actually increased by 3.9 percent from 2017 to 2018, according to BHHS. Fewer homes sold for more than $2 million in 2018 than the year before, but the average price went up by 3.9 percent, “providing evidence that demand is still strong in this segment when buyers see value,” the report noted. The town of Harrison experienced a 62 percent increase in sales over $2 million with 42 homes sold in 2018, up from only 26 in 2017. [BHHS]