There’s been a surge of media hype around the idea that residents of New York City might flee following Zohran Mamdani’s victory. The speculation hasn’t just pointed to far-away destinations like Florida or the Carolinas, but also to nearby suburban hubs such as Westchester County, which could become an appealing landing zone for households looking to exit the city while remaining in the broader metro area. I looked into the polls that the media has been citing, and here’s what I found:

New York City has weathered plenty of “exodus scares” before, and history shows that far fewer people actually leave than say they will. Still, Westchester is a much smaller housing market than the city, so even a modest outflow of high-income households over the next year could have an impact here: pushing prices higher, fueling bidding wars in the $800K–$2.5M range, and tightening inventory further in communities with quick Metro-North access.

However, for brokers claiming a surge in demand in October: much of that likely stems from lower mortgage rates compared to last year (6.32% vs. 6.98%) and tighter inventory (805 single-family homes for sale, down from 925 in Westchester County a year ago).

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_{Property Type: Residential. OneKey MLS, Inc. 11/7/25 - 11/14/25.}

Luxury housing continued to outperform the broader market in October, with prices up 5.5% — nearly triple the growth of non-luxury homes, according to Redfin. Strong equity markets and cash-heavy buyers are keeping high-end demand resilient, even as typical buyers remain constrained by current mortgage rates. Additional findings:

The data in the report points to a market that’s cooling in pace but not in price. Luxury buyers, who often pay cash, are keeping high-end demand stable even as overall activity slows. The slightly higher inventory is giving buyers more options, but supply is still well below pre-pandemic levels, which continues to support upward pricing across the board.

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ADDRESS: 107 Nottingham Road, Apt D, Bedford Hills

Beautifully Maintained First-Floor Condo in Bedford Terrace! Perfectly situated between downtown Bedford Hills and the Village of Katonah, and close to Mount Kisco, this home offers low maintenance living with exceptional convenience and charm. Residents enjoy the Memorial Town Park with a pool and playground. Ideal for first-time buyers, downsizers, or a weekend escape, this move-in-ready first-floor condo captures the best of Bedford Hills living.

This week’s average 30-year fixed mortgage rate is 6.34% (⬆️ 0.02 from this time last week.) Last year’s rate: 7.01%.

_{> The rate you may be eligible for can vary greatly from the daily average published via Mortgage News Daily.}

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