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Elliman Report: Westchester & Putnam Sales 3Q 2013

WESTCHESTER The Westchester housing market experienced a surge in sales and the second highest median sales price since 2008. Median sales price increased 4.1% to $510,000 from the same period last year. This was 5.1% below the median sales price of $537,500 during the same period of 2010. This price jump was a result of the federal homeowners tax credit stimulus plan that incentivized sales activity earlier that year…

PUTNAM The year-over-year increase in sales continued, rising 22.2% to 253 from the same period last year. Sales have been rising year-to-date following the seasonal pattern, but at a higher level than the prior year. Listing inventory slipped 2.8% to 899 over the same period, resulting a faster market pace, but not considered a rapid rate…

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