Monday, March 31, 2008

Sales: Up Nationally, Down in Westchester

The New York State Association of Realtors' report for February had bleak news for the Westchester market, according to The Journal News. County-wide, the number of sales fell 22% and the median price dropped 7.9%. Rockland county fared worse, with sales falling 38% and prices declining by 10%. Interestingly, prices in Putnam County rose by 6%. These figures stand in contrast to the report from the National Association of Realtors, which found that nation-wide sales had increased by 2.9% in February. I am actually a bit surprised by the Westchester figures, since I have seen definite signs of an increase in activity in the last two months. But I only keep an eye on listings in the local area. Perhaps the market in Northern Westchester is healthier than that in other parts of the county.
SOURCE: The Journal News: Existing Home Sales Plunge in Rockland, Westchester; Rise in Putnam, National Association of Realtors

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