Westchester County Real Estate Market

Below is a link to the article that appeared in the local newspaper in Westchester County, The Journal News. According to the Westchester Putman MLS 3rd Quarter Report:

1. Home owners in Westchester County it would seem that a greater ability to hold their properties off the market and wait for some calming or reversal in the market;

2. The foreclosure problems devastating other real estate market throughout the country are not as dire here even though the number of foreclosures have increased and what is going on in the financial markets will effect us because of our proximity to Wall Street;

3. The unemployment rate has edged up;

4. The number of sales has slowed dramatically but some buyers can still buy and are finding the pricing to be good, it is a buyer's market overall in this county with the number of months of inventory at 9.6;

From the Journal News here.