Real Estate Market Up Date for Westchester County 3rdQuater 2009

The third quarter residential closing continued to drop for Westchester and Putnam counties below are the status for the 3^rd quarter compaired to last year 3^rd quarter 2007.

Westchester County

Single -Dropped - 21%

Condo- Dropped-26%

Co-op - Dropped - 23%

2-4 Family-dropped- 37%

Putnam County

Single Family - Dropped - 11 %

Condo & Co-op - Dropped-40%

We also see an increase in inventory from last year 3 quarter in 2007 - This year inventory higher than last year:

Westchester County:

Single - Increase- 112 (2.8%)

Condo - Increase-21 (2.2%)

Co-op - Increase- 158 (11.9%)

Multi Family - Increase- 16(2.0)

In Putnam County we see decrease in inventory for single family homes:

Putnam:

Single - decrease- 65(6.2%)

Condo & co-op - increase- 16(13.8%)