Active Rain July 17, 2011

Westchester Year To Date 1st Half Market Report

The Westchester Putnam Association of Realtors has released their 2nd quarter report for the two counties real estate sales. It’s valuable data, and I thought I’d do something a little different- namely, take the entire first half of 2011 and see how we are stacking up with the first half of 2010. 

Here’s the scoop for single family home sales, county wide, for the period from January 1 through June 30, 2011 from the Empire Access MLS:

1710 single family homes have sold at a median sales price of $592,475. 

Here are the numbers from the first half of 2010:

1958 single family homes sold at a median sales price of $604,250. 

While we’re down 248 sales, there is reason for optimism, because much of 2010 was fueled by the artificial effect of the tax stimulus, which poached deals from the future and never did any real good from my point of view. The 4th quarter of 2010 was miserable. So, if 2011 is more consistent than the up and down of 2011, we still have a chance to compare well to last year. 

But, thus far, no matter the reason, we’re down both in volume and value. 

White Plains