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[Supply Limited] 2Q 2013 Westchester & Putnam Report

Posted By Jonathan Miller On July 11, 2013 @ 9:56 pm In Douglas Elliman,Elliman Reports,Westchester County | Comments Disabled

[1]

We just published our report on the Westchester & Putnam County New York housing markets [1]. This is part of an evolving market report series I’ve been writing for Douglas Elliman [2] since 1994.

Key Points

WESTCHESTER

  • Inventory fell to 8-year low.
  • Jump in both number of sales and signed contracts.
  • Housing prices rose above year ago level.
  • Median sales price rose to highest level for second quarter in 8 years.
  • Credit remains tight keeping inventory low.
  • Heavy contract momentum carrying into next quarter.

PUTNAM

  • Sales jumped despite inventory slide.
  • Housing price indicators slipped from year ago levels.

Here’s an excerpt from the report:

WESTCHESTER There were 2,251 sales in the second quarter, 24% more than the same period last year, consistent with the 23% increase in all signed contracts over the same time period. Listing inventory fell by 13.3% to 6,128 from the prior year quarter, marking the lowest second quarter inventory total since 2005…

PUTNAM The Putnam housing market saw a modest decline in all price indicators from prior year levels. Median sales price was $288,500, down 1.5% from the prior year quarter. Average sales price fell by 6.2% to $326,406 and average price per square foot fell by 5.2% to $164 over the same period…

You can build your own custom data tables [3] on the Westchester & Putnam markets as well as view charts on the Westchester [4] market, all updated with 2Q13 data.

Press coverage [5]




The Elliman Report: 2Q 2013 Westchester & Putnam Sales [Miller Samuel [1]]
The Elliman Report: 1Q 2013 Westchester & Putnam Sales [Douglas Elliman [6]]
Aggregated Custom Market Data Tables [Miller Samuel [3]]
Westchester Market Charts [Miller Samuel [4]]


Article printed from Miller Samuel Real Estate Appraisers & Consultants: http://www.millersamuel.com

URL to article: http://www.millersamuel.com/supply-limited-2q-2013-westchester-putnam-report/

URLs in this post:

[1] Image: http://www.millersamuel.com/reports/elliman-report-westchester-putnam-sales-2q-2013

[2] Douglas Elliman: http://www.elliman.com/marketreports/

[3] build your own custom data tables: http://aggregate-data.millersamuel.com/

[4] charts on the Westchester: http://www.millersamuel.com/charts-category/westchesterputnam-market-charts

[5] Press coverage: http://news.search.yahoo.com/search/news?p=%22miller+samuel%22+manhattan&sm=Yahoo!+Search&toggle=1&ei=UTF-8&datesort=1

[6] Douglas Elliman: http://www.elliman.com/reports-and-guides/reports/westchester-and-putnam/2q-2013-westchester-and-putnam-sales/13-435

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