The spring real estate market in Westchester County has arrived early this year. With the mostly warm weather we experienced in January and the beginning of February, and with mortgage interest rates still low, buyer are out looking. The good news as well is that some sellers are now becoming more realistic.
While prices may still adjust in the 3-5% range before stabilizing the housing market has calmed. Buyers are buying. Properties including single family houses, condo's and co-op's that are overpriced are still languishing. Properties that sit on the market for too long are discounted by buyers. If you are selling, pricing it correctly is the most important part of the equation. The temptation to price it high and "see what happens" is a mistake.
From Sunday' New York Times Real Estate Section - The Buyer's are Out - The Market Is Strong
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