Housing trends in the town of Cortlandt, NY
By Thomas Santore Lic Associate Real Estate Broker, Realtor®-ABR-Land, Residential & Commercial Sa
(Coldwell Banker Realty/Coldwell Banker Commercial NRT)
Housing trends in the town of Cortlandt, NY The housing trends in the town of Cortlandt, NY, have been shaped by several factors, including economic conditions, interest rates, and local market dynamics. Here’s an overview of the key trends in Cortlandt: 1. Low Inventory Supply Constraints: Like many areas in Westchester County, Cortlandt has been experiencing low inventory, which means there are fewer homes available for sale. This has led to increased competition among buyers, often resulting in bidding wars and homes selling above the asking price. New Construction: While there has been some new construction, it hasn’t been enough to meet the high demand, particularly for single-family homes. 2. Rising Home Prices Appreciation: Home prices in Cortlandt have been steadily rising, d...
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