Why Right Now Is the Best Buyer Opportunity Since 2020
The Orange County NY market is finally shifting in a way that benefits buyers. Homes are taking longer to sell. Inventory is rising. Pending prices in the upper tier are softening. Sellers are more negotiable. And interest rates are slightly lower than last year.
For buyers in Warwick, Goshen, Middletown, Monroe,New Windsor and beyond, this is the most favorable environment since 2020.
Why Buyers Have More Power right now
Interest rates. While the current 30 year mortgage around is around 6.24 percent, down from 6.79 percent last year, it’s still too high for many.
Inflation - Higher living costs have pushed some buyers to pause.
Inventory has increased.
These factors have reduced competition and created more space for active buyers.
Local MLS data shows:
Pending prices in newer four bedroom homes down 4.7 percent
Days on market rising from 54 to 69
Inventory up 11 percent
Months supply rising from 3.8 to 4.4
This is the first real opening for buyers in years.
The Window Before Rates Drop
Economists expect interest rates to remain in the mid 6 percent range throughout 2025 with potential for rates below 6 percent sometime in 2026.
When rates drop into the 5 percent range, the market will change quickly.
More buyers will re enter
Competition will increase
Inventory will tighten
Prices will climb again
Negotiating room will shrink
This makes the current window especially valuable.
Buy low. Refinance later.
Why Buying Now Makes Sense
More inventory
More choices
More negotiating power
More seller concessions
Less competition
Lower pending prices in the upper tier
A chance to refinance in the future
This is the most buyer friendly moment since 2020.
Bottom Line for Buyers
The market is not weakening.
It is balancing.
And balanced markets create opportunity.
If you want a personalized look at the best opportunities in Warwick, Goshen, Middletown, Monroe, New Windsor and beyond, I can guide you through the areas with the best value and the most negotiation leverage.
