Market Pulse

The Westchester-Putnam Multiple Listing Service released the Fourth Quarter 2009 report last week. In our county, sales were down by 12% from 2008, but sales activity increased each quarter last year. For the fourth quarter, the median sales price of a single family was down by 2% from the fourth quarter of 2008. The inventory at the end of 2009 was "virtually unchanged" from the 2008 level. The report says that it is "starting to look like recovery in the real estate market," but warns that the market can "still be derailed by other adverse conditions such as increased mortgage interest rates, persistent unemployment, and reversals in the equity markets." 
Image: WPMLS