Superintendent Joseph Hochreiter and local realtor and Hen Hud parent Don Dwyer met up for another discussion on local real estate trends. The takeaway? The local real estate market is exceptionally strong, with more people wanting to live here than there are houses available.
At the time of Indian Point’s closure announcement, three years ago, there was a lot of concern about how local real estate would fare. Since the announcement, Hochreiter and Dwyer have met approximately every six months to discuss real estate trends.
“People want to live here,” said Dwyer, emphasizing that every available piece of data supports this. “There are way too few houses on market and way too many people wanting to live here.”
He noted that the median price of a home in the Hed Hud district has gone up significantly over the past four years, by nearly $100,000.
“If you take nothing else away from this podcast, take away that people want to live here, evidenced by short supply, high numbers of showings, multiple offers on listings and constant demand,” said Dwyer. “It’s a good picture.”
Listen to the interview here.