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Elliman Report: Westchester Sales 1Q 2017

Westchester sales volume remained heavy for the seventh consecutive quarter as listing inventory fell sharply. A significant part of the demand came from city renters and trade-up buyers priced out of their respective markets. The number of sales increased 11.2% to 1,824 from the year ago quarter and the most first quarter sales since at least 1982. Single-family sales represented 54.1% of county sales, and the highest first quarter total in a decade. Co-op sales represented 24.4% of county sales, the second largest market-share by property type. Co-op sales volume was robust with…

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