NYC mayoral race boosts suburban housing demand as Mamdani leads polls: report

According to what was reported, the housing markets are witnessing in the outskirts of New York City, as the demand for the mayor is heading towards the November 4 elections, with the Socialist Socialism Command, Zahran Mamdani, in opinion polls.

The housing platform in Mamdani – which includes freezing rent and higher taxes on top papers – is said to have some New York residents who turn into suburbs. Zach and Harrison, real estate agents in the wealthy province of Witchester, said that the calls of Manhattan residents increased after Mamdani Democratic Democratic victory in June, according to RealTor.com.

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“We are fully witnessing a relationship between Zahran Mamdani’s sudden victory in the democratic preliminary elections and the high real estate interest in Westshtter,” Harrisones told RealTor.com. “Since the summer, almost every buyer of the city has mentioned to see the homes in Witschest, the municipal elections as one of the drivers to shop in the suburbs.”

The sales of the houses created in the contract increased by 15 % since Mamdani’s victory in June Primary, and local agents have gave jump on “Mamdani’s effect”, according to RealTor.com, citing Harrisons.

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“The current environment gives buyers and investors a reason to reconsider their next real estate step, and to move to Westmines as the main gravity,” the duo said.

The price of the average house in Westchester reached $ 729,999 in August, which is higher than the national broker of $ 429,990. But unlike New York City, many parts of Witchester province do not impose a resident income tax, according to Real’s, citing Harrisons.

File Image: The sun sets on the lower manpon horizon and Jersey City, New Jersey, on May 13, 2020. (Gary Hershorn / Fox News / Fox News)

“I say that taxes are the first priority for buyers who are thinking about moving to Westshter in the light of the municipal elections,” said Zach Harrison. “In the work world today from home, many people do not need to be in the office five days a week. So when you can move towards more space, community comfort, and the ability to withstand the costs offered by the suburbs, it really becomes an easy decision for most buyers.”

Real estate investigations by the wealthy residents

After announcing on Sunday that the mayor of New York City Eric Adams was coming out of the municipal race, John Katsumaids, CEO of Gristes and D’Agostino Supermarkts, Fox Business said that many New York residents, especially in the real estate industry, were “panic”.

“I think we have 32 and 33 days for the elections,” Katscomics said on Wednesday morning. [are] Panic because they are afraid that if they had a billion dollars of real estate … after 32 days from now, it may be worth half the price. ”

File image: Miami View on August 3, 2025. (JC Milhet/Hans Lucas/AFP via Getty Images/Getty Images)

The shift is not limited to the suburbs of New York. Real estate agents previously reported an increase in the wealthy New York residents heading south after Mamdani’s victory in the city’s preliminary elections. Daniel de la Veiga, president of Sotheby’s International Realty in Miami, Florida, said the site traffic from the New York region increased by 50 % in the following week for the preliminary elections.

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He said at that time: “Our agents make calls from buyers who actively re -classify them, and we saw a clear rise in the demand for our new developments.”