All Six Regions of the Lower Hudson Valley Saw Double-Digit Increases in Single-Family Home Sales in December

January 30, 2025

Median Sales Prices Also Grew in All Regions 

A poster for the hgar monthly report for december 2024
(NOTE : Link to ALL regional reports: Market Data (hgar.com). Scroll down to 2024 Market Stats)

White Plains, NY (January 2025) For the first time in several months, December single-family home sales experienced double-digit growth in all areas of the lower Hudson Valley, including the Bronx. Sullivan County reported the highest sales gains at almost 50 percent. 

Single-family median sales prices also increased in all regions, with the Bronx leading with a 10.1% uptick, from $631,000 in December 2023 to $695,000 in December 2024. Westchester County still held the lead for the highest median sales price at $911,500 – up 6% from last year at $860,000.

Rockland County saw the highest growth in condo sales by 67.6%, but Orange County’s median condo prices topped the other regions with a 25.5% increase from $255,000 last December to $319,000 in December 2024.
Sales in the co-op market were down in most areas, with the exception of the Bronx, which experienced a 21.9% hike over last year. Median sales prices for co-ops were mixed, but Westchester’s prices grew 13.1% to $225,000 over $199,000 last December.

Single-family home inventory declined in all areas except Sullivan County, which saw a 22.6% growth. Condo inventory soared by 73% in Orange County, and 53.2% in Rockland. Orange and Rockland also dominated the inventory increases in the co-op market, with Rockland leading at a 112.5% growth rate, from 8 to 17 co-ops on the market in December. While there are few co-op sales in Orange, the inventory rose by 40% from 5 to 7 co-ops.

New listings for all property types varied throughout the region in December.

Today’s report by the Hudson Gateway Association of Realtors (HGAR) is based on data supplied by OneKey® MLS. “New York City and the Hudson Valley remain two of the most desired destinations in the world, offering an exciting and culture-rich lifestyle and robust job market. We expect to see a more balanced real estate market in most of our service area in 2025,” said Lynda Fernandez, HGAR CEO. “While extremely low supply coupled with very high demand persists, increased inventory will allow more housing choices for potential homebuyers throughout the Bronx and New York City, and the lower Hudson Valley.”

Bronx County

The Bronx co-op market took the lead on closed sales in December with a 21.9% gain over last year. Single-family home sales were close behind with a 21.2% increase, but condo sales dropped by 40.9% over December 2023. Median sales prices rose by 10.1% for single-family homes to $695,000, and condos by 1.6% to $289.000. Only co-op median prices declined by 10.1% to $240,000 from the December 2023 sales price of $267,000.

New listings for co-ops were up by 20.8% but declined for both condos and single-family homes at 33.3% and 19%, respectively. Inventory also decreased for all three property types, with condos seeing the largest drop at 38.8%, compared to single-family homes at 11.5% and co-ops at 1.6%. Months of supply declined by 11.1% to 5.6 months, and pending sales decreased by just 1.1%.
A balanced market between buyers and sellers usually has between 6.0 and 9.0 months of supply.

Westchester County

Closed sales of Westchester County condos grew by 29.1%, and single-family homes by 12.2% in December. Co-op sales increased by 2.1%. Median sales prices for all three property types rose, with co-ops experiencing the largest growth at 13.1% to $225,000. Single family home prices rose by 6% to $911,500, and condos by 0.9% to $482.500.

New listings for single-family homes grew by 15.2% but decreased for both condos and co-ops by 29.1% and 2.1%, respectively. Only the co-op market saw a slight increase in inventory by 2.5%. Inventory for single-family homes declined by 24.3% and 3.8% for condos. Months of supply for all property types was down 10.1% to 1.7 months, and pending sales were up by 8.6%.

Putnam County

Putnam County’s single-family home sales grew by 15.5% in December, while the condo market saw a decrease in sales by 23.1%. There were no co-op sales reported last month. The median single-family home sales price rose by 9% to $566,900, and condo prices by 14% to $382,000.

New listings for single-family homes jumped by 33.3%, but condo listings declined by 28.6%. Inventory for both property types decreased in December by 13.3% for condos and 6.4% for single-family homes. There were no changes in months of supply for all property types, which stood at 2 months in December. Pending rose sales by 1.7%.

Rockland County

Rockland’s condo sales saw the highest increase at 67.6%, followed by single-family homes sales a 15.1% hike. Co-op sales, however, decreased by12.5%. The condo median sales price had the highest increase at 16.5% to $419,250, while co-op prices rose 6.9% to $140,000. Single-family home prices gained a modest 2.6% to $718,000. 

New listings for the condo market soared by 56.5% while dropping 28.3% for single-family homes and 25% for co-ops. The co-op market was the big winner for inventory in December, with a huge increase of 112.5%. However, Rockland’s co-op market remains small, with just 17 properties listed in December 2024, over 8 listed last year. Condo inventory increased by 53.2%, while inventory of single-family homes declined by 20.7%. Months of supply for all property types dropped by 12.5% to 2.1 months, but pending sales rose by 16%

Orange County

In Orange County, sales of single-family homes grew by 19% in December. Condos saw a mild 3.2% uptick in sales, but co-op sales declined by 33.3%. Median sales prices for condos rose by 25.5% to $319,000, and 8.9% for single-family homes to $473,000. The co-op market prices declined by 14.5% to $141,000.

Condos led the way in new listings with a 42.9% rise, while new listings for single-family homes decreased by 7.5%. New co-op listings remained unchanged from last December, with just 2 currently listed on the market. However, inventory for co-ops rose by 40% from 5 to 7 co-ops. Condos saw a huge increase in inventory at 73%, while single-family home inventory modestly declined at just 0.4%. Months of supply for all property types was up 6.0% to 3.1 months, and pending sales grew by 3.9%

Sullivan County

Sullivan County’s December sales of single-family homes increased by 49.1% -- the highest in the six-county region. There were no condo sales reported, and just one co-op sale. While Sullivan’s co-op market is very small, that one sale did represent a huge hike of 188.9% in the median sales price of $130,000, as compared to the December 2023 co-op median sales price of $45,000.

New listings for single-family homes dropped by 18.2% but inventory grew by 22.6%. New listings for both condos and co-ops were flat in December. Months of supply advanced by 20.8% to 6.4 months. Pending sales increased by 8.8%. 

The Hudson Gateway Association of REALTORS® is a not-for-profit trade association consisting of over 13,000 real estate professionals doing business in Manhattan, the Bronx, Westchester, Putnam, Rockland, and Orange counties. It is the second largest REALTOR® Association in New York, and one of the largest in the country. 

More Press Releases

June 2, 2025
WHITE PLAINS, NY (June 2025) – The Hudson Gateway Association of REALTORS® (HGAR) has named Dr. Jermaine Meadows as its new Director of Government Affairs for the Bronx. In this role, Dr. Meadows will advocate for housing policies that support equitable growth, affordability, and sustainable development throughout the borough. Dr. Meadows brings a robust background in public policy, government relations, and community advocacy. He began his career in Albany with District Council 37, gaining a unique perspective on labor and legislative collaboration. Most recently, he served as Associate Director for Local Government Affairs at Everytown for Gun Safety, where he led initiatives that secured millions in funding for gun violence prevention across the country. “We are thrilled to welcome Dr. Meadows to HGAR,” said Lynda Fernandez, Chief Executive Officer of HGAR. “Having a dedicated government affairs professional focused solely on the Bronx is a critical step in addressing the unique and complex housing challenges facing the borough - from the ongoing inventory crisis to the need for greater co-op transparency, and the evolving legislative landscape surrounding Good Cause Eviction and more. Dr. Meadows' presence ensures that our members have a strong advocate who understands both the policy and the people. His work will not only help advance fair housing goals but also create meaningful opportunities for our REALTOR® members to better serve their communities.” With a Doctor of Education in Leadership and Learning in Organizations from Vanderbilt University, Dr. Meadows has long focused on using policy as a lever for meaningful community change. At HGAR, he will work to foster stronger relationships between REALTORS® and lawmakers while championing housing policies that reflect the needs of Bronx residents and the real estate community. Dr. Meadows also founded The Neighborhood Role Model LLC, an initiative focused on reducing mental health disparities in underserved communities. “I’m honored to join HGAR and bring my legislative experience and policy expertise to a role that directly serves the Bronx, a community I care deeply about,” said Dr. Meadows. “This position is an opportunity to advocate for practical, inclusive solutions to some of the region’s most pressing housing challenges, such as the evolving landlord-tenant laws. I look forward to building strong partnerships with our REALTOR® members and local officials to promote fair housing and expand opportunities for sustainable business growth.” The Hudson Gateway Association of REALTORS® is a not-for-profit trade association consisting of over 13,000 real estate professionals doing business in Manhattan, the Bronx, Westchester, Putnam, Rockland, and Orange counties. It is the second largest REALTOR® Association in New York, and one of the largest in the country.
May 22, 2025
WHITE PLAINS, NY (May 2025) — After a winter of mixed activity, the Hudson Valley housing market showed fresh signs of life in April, according to the latest report from the Hudson Gateway Association of REALTORS® (HGAR). While closed sales remained inconsistent across the region, a noticeable uptick in pending transactions suggests that buyer confidence may be on the rebound as we head into the summer market. Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam Counties. Pending single-family home sales in the Bronx rose over 36% compared to April 2024, even as closed sales dipped by nearly 39%. Median prices in the borough remained strong, with single-family homes reaching $657,000, up nearly 10% year-over-year. Putnam County also stood out with a 44% increase in pending sales and a nearly 37% jump in closed single-family transactions, accompanied by a 6.6% rise in median price to $559,500. Meanwhile, Rockland County saw pending sales climb 23%, even as closed activity fell slightly. Home values there remained steady, with the median single-family price ticking up to $746,000. In Westchester, the region’s largest and most competitive market, the story was more nuanced. Closed single-family sales were down 12%, but prices continued their upward trajectory, increasing more than 15% from last April to reach a median of $999,000. Condo prices also grew by more than 15%, reaching $552,000, signaling strong demand despite tight supply. "Buyers are adjusting to the new normal of higher interest rates and limited inventory,” said HGAR CEO Lynda Fernandez. “We're seeing momentum build, especially in pending sales, which tells us that the desire to own a home in our region remains strong, even if buyers are having to act more strategically.” Orange County painted a slightly more cautious picture, with single-family home sales dipping by 2% and median prices declining by nearly 3%. Yet condo activity showed strength, with new listings and pending sales climbing steadily. Co-op and condo markets, often smaller and more sensitive to price fluctuations, continued to show mixed results. Co-op prices in Rockland County jumped 28% year-over-year, while co-op sales in the Bronx were down more than 14%. Westchester’s co-op sector saw modest gains in price, but a notable dip in pending transactions. Year-to-date comparisons through April tell an important story: while total listings and closed sales may still lag behind last year in some areas, prices are holding firm, and in many cases, rising, thanks to sustained demand. Inventory remains a limiting factor across the region, though counties like Rockland and Putnam have shown some improvement in available supply. “Real estate is hyperlocal,” Fernandez added. “What’s true in Westchester might not apply in Sullivan or the Bronx. That’s why our REALTORS® are such a valuable resource to buyers and sellers navigating this evolving market.” The full April 2025 housing report, including interactive charts and county-level breakdowns, is available at hgar.com/market-statistics. The Hudson Gateway Association of REALTORS ® is a not-for-profit trade association consisting of over 13,000 real estate professionals doing business in Manhattan, the Bronx, Westchester, Putnam, Rockland, and Orange counties. It is the second largest REALTOR ® Association in New York, and one of the largest in the country
May 1, 2025
White Plains, NY (April 2025) The Hudson Gateway REALTOR® Foundation (HGRF), the charitable arm of the Hudson Gateway Association of REALTORS®, (HGAR), donated a total $27,750 to 12 charities and non-profit organizations throughout the Hudson Valley during the first quarter of 2025. Recent donation recipients include: Abilities First, New Windsor, Orange Alliance for Safe Kids/Drug Crisis in our Backyard, Yorktown, Westchester Feeding Westchester, Elmsford, Westchester Gullotta House, Briarcliff Manor, Westchester Make-A-Wish Hudson Valley, Tarrytown, Westchester Mount Kisco Interfaith Food Pantry, Mount Kisco, Westchester My Sister’s Place, White Plains, Westchester New Era Creative Space, Peekskill, Westchester United Hospice, New City, Rockland Unitarian Universalist Congregation of the HV, Ossining, Westchester YCMA Central & Northern Westchester, White Plains, Westchester “The mission of our REALTOR® Foundation is to give back to those in need in the many communities where our members live and work,” said Ralph Gabay, President of the HG REALTOR® Foundation. “Our members and sponsors have been very generous over the past year, and we look forward to providing many more donations through the remainder of 2025.”
April 24, 2025
(NOTE: Link to ALL regional reports: Market Data | Hudson Gateway Association of REALTORS® Scroll down to 2025 Market Stats) White Plains, NY (April 2025) The Bronx took the lead in closed sales of single-family homes in March, showing a 20.7% increase over 2024’s March sales. Westchester, Orange and Rockland County single-family sales also experienced growth last month. Only Putnam and Sullivan County sales declined. Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000. Median prices in the Bronx, Rockland and Orange County also experienced double-digit increases over March 2024. Sales of condos in Westchester jumped by almost 20%, and by nearly 18 % in Rockland. Median sales prices for Rockland condos escalated by 27% over last year to a new high of $454,500. Condo prices in the Bronx and Orange Counties rose by over 19%, and just over 15% in Westchester. Bronx co-op sales were the highest in the region, soaring by over 65% from March 2024. Median co-op prices in Rockland grew by almost 32% -- the region’s highest percentage–– to $208,825. Inventory for all property types was mixed across the region, with slight gains and drops. New listings were up in almost all regions for all property types, with the Bronx leading at 48% for single-family homes. Today’s report by the Hudson Gateway Association of Realtors (HGAR) is based on data supplied by OneKey® MLS. “ While the regional housing market remains competitive, with single-family home prices up year-over-year, we’re observing varied trends across different property types and counties,” said Lynda Fernandez, HGAR CEO. “This underscores the importance of localized market expertise and reinforces the value our REALTORS® bring in guiding clients through these dynamic conditions.” Bronx County The Bronx took the top spot for closed sales of both single-family homes and co-ops last month with increases of 20.7% and 65.7%, respectively. Condo sales saw a 6.3% uptick. Median sales prices for all property types increased with co-op prices climbing by 26.8% to $260,000. Single-family home prices jumped by 13.6% to $710,000 and condos by 19.2% to $295,000. New listings for single-family properties rose significantly by 48.4%, followed by condos at 40%. New co-op listings grew slightly by 3.6%. Single-family home inventory increased by 29.6%, but inventory for condos fell by 28.2% and 4.3% for co-ops. Months of supply for all property types increased by 1.5 % to 6.6 months and pending also saw growth by 10.8% Westchester County Closed sales of all property types in Westchester County rose in March, with condos seeing the largest increase at 19.1%. Sales of co-ops grew by 16.5%, and single-family homes by 11.5% over last year. The condo market realized the largest gain in median sales prices at 15.1%, over last year to a new median of $575,000. Single-family home prices increased by 8.9% to $860,000, and co-ops by 7.6% to $220,500. New listings for single-family homes expanded by 15.5%, followed by co-ops at 2.9%. New condo listings fell by just 3.3%. Only the condo market experienced a gain in inventory at 7%. Co-op inventory dropped by 14.9%, and the single-family market by 6.7%. Months of supply for all property types remained flat at 2.3 months, while pending sales saw an upturn of 6.4% Putnam County Putnam County’s sales declined for both single-family homes, by 10.9% and condos, by 50%. However, Putnam’s condo market is small – there were just 4 condos on the market in March as opposed to 8 at this time last year. There were no co-op sales reported in March. Median prices for condos rose by 11.8% to $394,653 and by 3.2% for single-family homes to $565,000. New listings for condos escalated by 77.8%, going from just 9 last March to 16 last month. New listings for single-family homes showed a significant growth of 28.4%. Condo inventory soared by 112.5%, again keeping in mind Putnam’s modest condo market. In March 2024, there were just 8 condos in inventory, as opposed to 17 in March 2025. Single-family home inventory moved ahead by 5.5%. Months of supply for all property types increased by 23.8% to 2.6 months, while pending sales declined by 8.6%. Rockland County Sales of Rockland’s condos continued to outpace other property types with a 17.9% increase over last year. The county’s single-family home sales grew by 9.5% but co-op sales remained flat. Co-ops led the market for median sales price increases at 31.8%, to a new median of $208,825. Condos followed closely with a 27% hike to $454,500, and single-family home median prices grew by 12.7% to $802,500. Rockland’s co-op market also gained the most for new listings at 27.3%, followed by single-family homes at 14.3%. New listings for the condo market declined by just 1.7%. However, inventory for condos climbed by 32.4% and co-ops by 27.8%. Single-family home inventory also advanced by 6.7%. Months of supply for all property types grew by 8% to 2.7 months and pending sales saw a slight increase of 2.2% Orange County In Orange County, co-op sales soared by 50%. However, the county’s modest co-op market saw a gain of just one sale from last year – from 2 in March 2024 to 3 last month. Sales of single-family homes rose by 12.9% but condo sales declined by 3.3%. Condos gained the highest percentage though, for median sales prices with an increase of 19% to $332,500. Co-ops also advanced in median prices by 11.7% to $165,000 and single-family homes by 10.6% to $475,500. New listings for single-family homes advanced by 23.1% but dropped by 25% for condos. New listings for co-ops remained flat. Co-op inventory increased by 20%, but the county’s small co-op market gained just one co-op from last year, from 5 to 6. Single-family home inventory grew by 3.7% while condo inventory declined by 1.7%. Months of supply for all property types were up 11.1% to 3 months, and pending sales gained just 0.4%. Sullivan County Sullivan County’s March sales of single-family homes declined by 13.2%, but median sales prices saw the highest percentage gain in the region at 18.3% to a new high of $355,000. There were no condo or co-op sales reported in March. New listings for single-family homes jumped by 19.1% and inventory saw a slight gain of 0.9%. Months of supply for all property types grew by 3.6% to 5.8 months and pending sales increased by 20.8% The Hudson Gateway Association of REALTORS® is a not-for-profit trade association consisting of over 13,000 real estate professionals doing business in Manhattan, the Bronx, Westchester, Putnam, Rockland, and Orange counties. It is the second largest REALTOR® Association in New York, and one of the largest in the country.
April 22, 2025
New Rochelle, NY (April 2025) For the third year in a row, the Hudson Gateway REALTOR® Foundation (HGRF) is again adapting the popular TV Show “Dancing with the Stars” to its own version of “Dancing for the Foundation,” on Thursday, May 15 from 6:00 to 10:00 PM at the Glen Island Harbour Club in New Rochelle . This unique and exciting fundraising event supports the HGR Foundation, which benefits charities and non-profits throughout New York City and the Hudson Valley . Proceeds from monies raised through ticket sales, sponsorships, and voting fundraising will be distributed by HGRF to charities and non-profits throughout the Hudson Valley, Bronx, and Manhattan, such as Feeding Westchester, Habitat for Humanity and more. This year’s event will feature seven couples comprised of Hudson Gateway Association of REALTORS® (HGAR) members who will compete for First Place Winner or “People’s Choice Winner.” All dancers will receive up to 10 complimentary dance lessons at the Arthur Murray studio in White Plains or Eastchester, including a professional choreographed routine. The Dancing for the Foundation event highlights the power of REALTORS® coming together to support the communities where they live and work, demonstrating that through unity and generosity, they can make a stronger, more meaningful impact on the lives of those in need. The event is open to both members and non-members, and tickets can be purchased by visiting: Dancing for the Foundation 2025 by Hudson Gateway REALTOR Foundation . The 2025 lineup of dancers includes: Soleil Jackman of Howard Hanna Rand Realty, Central Valley , and Nicholas Clark of Quintessential Mortgage Group, White Plains Emanuele Pepe of The Pepe Law Firm PLLC, Bronx , and Michelle Cruz, also of The Pepe Law Firm PLLC and Today Realty Corp., Bronx Michael Rier of Mid-Hudson Valley Credit Union in Baldwin Place , and Jennifer Madden of Christie’s International Real Estate in White Plains Allen “Ricky” Maddox of Hudson United Insurance, New City , and Rosemarie Anderson of Howard Hanna Rand Realty, Pearl River Joseph Cerbone of the NY Mover, Yonkers ; and Irene Guanill of DeLuca Realty Group – Meet the Sellers Team, Bronx Karol Lynch and Albert “Allie” Abbatiello, both of Quintessential Mortgage Group, White Plains Crystal Hawkins-Syska and Jack Flannery, both of Keller Williams NY Realty, White Plains . “We are thrilled to present this sensational event for the third time,” said Ralph Gabay, HGRF President. “Last year’s event drew record crowds, and we hope to be able to surpass our fundraising goal for this year. Of course, it’s also going to be an exciting, interactive night with audience participation and a great opportunity for networking.” Three judges will determine the winner of the competition, and the audience can also join in the judging to choose the “People’s Choice” winning dance couple. Last year, the event raised almost $42,000 for the Foundation. HGAR Affiliate Members Christian Babcock, of Loan Depot, and Brett Lando, of Gahagan, Lando and Wagner, LLP, both in White Plains, won the competition. Tony Berardi, of Howard Hanna Rand Realty, Brewster/Scarsdale, and Trudi Iglesias, of Howard Hanna Rand Realty, White Plains, received the “People’s Choice Award” and were also named the second-place winners. About HGAR and HGRF Since 2014, the Hudson Gateway Realtor Foundation has donated hundreds of thousands of dollars to charities and non-profits throughout the Hudson Valley. As concerned members of the communities we work in, the Hudson Gateway REALTOR® Foundation participates in qualified community-based charities who serve the housing, hunger, health, happiness, and humane needs of citizens everywhere. The Hudson Gateway Association of REALTORS® is a not-for-profit trade association representing over 13,000 real estate professionals doing business in Westchester, Putnam, Rockland, and Orange counties, as well as the Bronx and Manhattan. It is the second largest REALTOR® Association in New York, and one of the largest in the country.
April 17, 2025
White Plains, NY (April 2025) A contingent from the Hudson Gateway Association of REALTORS® (HGAR) will travel to Albany on April 29 for the annual Lobby Day, an essential opportunity for REALTORS® to engage directly with New York State lawmakers and advocate for policies that impact real estate professionals, property owners, and renters across the Hudson Valley and beyond. As trusted experts on the front lines of the housing market, HGAR members play a critical role in shaping smart, sustainable policy. This year, they are leading the charge on key legislative priorities, including the First-Time Homebuyer Savings Account Program, which would allow future homeowners to set up tax-deductible savings accounts for the purchase of a home. “Supporters say the initiative would provide much-needed financial relief for first-time buyers struggling to enter an increasingly competitive market,” said Alex Roithmayr, HGAR’s Government Affairs Director. REALTORS® will also be advocating for broader housing solutions such as expanded workforce and affordable housing, zoning reforms, and incentives to accelerate commercial-to-residential conversions, including the legalization of accessory dwelling units (ADUs) and basement apartments. “Lobby Day is not just a day of meetings, it’s a powerful reminder that REALTORS® are a voice for property rights, housing opportunity, and economic growth,” added Roithmayr. “When REALTORS® show up, lawmakers listen.” In addition, HGAR is supporting legislation that would require written buyer representation agreements between brokers and homebuyers. This measure would ensure greater transparency and clarity for consumers by outlining the scope of services provided by their real estate professionals, reinforcing trust and professionalism in the transaction process. On the fair housing front, HGAR members are also advocating for reforms to co-op housing procedures. Specifically, they are pushing for legislation that would require co-op boards to adhere to standardized timelines for reviewing applications and to provide written explanations for any denials, steps designed to reduce discrimination and increase accountability. Recognizing that housing discrimination continues to persist, HGAR is further backing initiatives aimed at combating bias in home appraisals, particularly racial disparities in property valuations. Strengthening oversight and enforcement in this area is essential to achieving equity in homeownership. HGAR has consistently led the state in REALTOR® participation at Lobby Day, reflecting the organization’s deep commitment to advocacy. “With New York’s housing crisis continuing to dominate legislative discussions, HGAR members should be eager to make their voices heard in Albany,” added Roithmayr. “As REALTORS®, we are uniquely positioned to advocate for smart, fair policies that make homeownership more attainable and equitable for all New Yorkers.” The Hudson Gateway Association of REALTORS® is a not-for-profit trade association consisting of over 13,000 real estate professionals doing business in Manhattan, the Bronx, Westchester, Putnam, Rockland, and Orange counties. It is the second largest REALTOR® Association in New York, and one of the largest in the country.
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