The severe winter weather of the first quarter pushed Westchester contract activity into the spring market. Despite the decline in closed sales, second quarter contract signings were higher than the previous spring. Overall single family price trends were generally stable, while the prices of condos and multifamily properties increased. We saw listing inventory rise for all property types as sellers continued to venture into the market. We anticipate more of the same market conditions over the coming quarters. The Putnam housing market showed stability in prices, yet there was less negotiability between buyers and sellers. Condo market price increases outpaced the single family market. Listing inventory began to return to the market, giving buyers more to choose from. The overall market is expected to show similar conditions over the remainder of the year.
Produced in conjunction with Miller Samuel, a leading independent appraisal firm, our market report series is the benchmark for residential real estate market information and an essential reference source for consumers, the media, financial institutions, government agencies, researchers and other market professionals. Each report provides an analysis of price and sales trends as well as many other metrics to give readers an idea of current conditions as well as historical and emerging market trends.
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All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
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© 2014. Douglas Elliman Real Estate. All material presented herein is intended for information purposes only. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. Equal Housing Opportunity.