HG Realtor Foundation Raises $20,000 in First Annual “Dancing for the Foundation” Event

WHITE PLAINS—The Hudson Gateway Association of Realtors released its May 2025 housing market report on June 23, highlighting continued price growth across much of the Hudson Valley and surrounding counties, even as buyer activity and inventory trends vary from region to region. Based on data from OneKey MLS, the report shows a market where sellers still benefit from strong home values, while buyers are learning to move strategically amid affordability pressures, the report states. “The median price of a single-family home in Westchester rose to $999,000 in May, up 2% from a year ago, underscoring just how resilient demand remains,” said HGAR CEO Lynda Fernandez. “Sellers continue to benefit from tight inventory conditions, but buyers are adjusting by exploring more affordable areas or property types. This is where our Realtors bring critical value, helping both sides navigate an increasingly nuanced market.” Market conditions continue to vary widely depending on price point and property type. Entry-level homes under $500,000 remain in especially high demand across the region, with limited availability in many areas. As a result, buyers in this price range are facing stiff competition and often need to make swift, compelling offers. In contrast, properties priced above $1 million, particularly in Westchester and parts of Rockland counties, are seeing longer days on market and more room for negotiation. While overall inventory has increased in select counties, it is not evenly distributed, and the supply of turnkey, move-in-ready homes remains well below demand. While inventory remains tight in many parts of the region, the months of supply metric reveals early signs of easing in several counties. In May 2025: Westchester County : 2.8 months (+3.7%)—Still deeply in the seller’s market territory, keeping upward pressure on prices. Putnam County : 3.4 months (+17%)—Improved inventory gives buyers more options and negotiating power. Orange County : 3.9 months (+8.3%)—A balanced trend that may ease competition in this value-driven market Rockland County : 3.3 months (+18%)—Rising supply creates opportunities for buyers, especially in condos and co-ops. Bronx County : 8.6 months (condos, co-ops and townhomes) (+6.2%)—Now approaching a buyer’s market, offering greater flexibility and choice. For buyers, increased months of supply can mean more homes to choose from, less bidding pressure, and more favorable contract terms. For sellers, especially in markets with rising supply, it underscores the importance of competitive pricing and home presentation to stand out. Realtors play a critical role in guiding buyers and sellers through these shifts with expert insight and strategy, HGAR officials state. Bronx County Home prices in the Bronx continued to climb, up more than 10% to a median of $667,000. While closed sales declined 17%, a surge in new listings (+18%) and growing inventory (now at 7.5 months of supply for all property types) means buyers have more homes to choose from. Sellers should still expect demand, especially for well-priced homes, but may face more competition from neighboring listings. Westchester County Westchester remains the region’s most competitive market. The median single-family price reached $999,000, up 2%. Closed sales rose 7.4%, showing buyers are still motivated despite higher prices. However, closed sales for condos and co-ops declined even as their prices increased. Sellers are in a strong position, especially those with homes in move-in condition, but buyers will need to act fast and come prepared. Putnam County Putnam saw home prices rise to $595,000 (+4.6%), but sales dropped by 18%. Condo prices fell by nearly 15%, with sales plunging by nearly 60%. The upside for buyers is greater choice, inventory has more than doubled. Sellers should be flexible with pricing and expect a longer time on the market. Rockland County Rockland saw a slight dip in single-family prices (down 4% to $750,000), while condo and co-op prices dropped 5% and 36% respectively. Yet, condo sales jumped 33% and co-op sales surged 50%. With inventory rising by over 40%, buyers are seeing more opportunities and slightly less competition. Orange County Orange County continues to attract buyers looking for value. Single-family prices remained steady at $450,000, and sales rose by 2%. Condo prices rose 2%, though sales dropped nearly 55%. Co-op sales dipped sharply, but prices climbed by 57%. This affordability is attracting first-time and mid-range buyers, making it a prime area for sellers to list. Sullivan County In Sullivan, the median price for single-family homes climbed 7% to $342,500, while sales slipped slightly (-6.5%). This market, popular for second homes, remains sensitive to interest rates. Buyers may find opportunities to negotiate, while well-maintained homes continue to draw interest from seasonal and investment buyers. Market Observations Across the board, the May 2025 data shows that while inventory is starting to improve in some areas, prices remain elevated due to continued demand. Buyers should secure financing early and work closely with experienced Realtors to navigate the market and find the right opportunities. Sellers, meanwhile, should take advantage of strong pricing trends but ensure homes are well-prepared and competitively priced to stand out. “Buyers are adapting to higher interest rates by looking at more affordable markets and property types,” HGAR’s Fernandez added. “Meanwhile, sellers are still benefiting from solid price growth. This market rewards preparation and local expertise, our Realtors are ready to help buyers and sellers make informed decisions.” The full May 2025 housing report, including interactive charts and local data, is available at Market Data | Hudson Gateway Association of REALTORS® .

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.

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

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.”

(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.