2nd Quarter MLS Residential Sales Stats - Westchester County, New York

The 2^nd Quarter Residential Housing Report from the Westchester-Putnam
Multiple Listing Service was issued today. Some highlights:

There were 1770 residential closings during the 2^nd quarter of 2008
which was 24% fewer than 2007;

• The median price for a single family house was down $25,100 or 4%
  from last year to $674,900.
• The mean price is down 7%
• Million Dollar Homes accounted for 24% of residential sales in the 2nd
  vs. 31% during the 1^st quarter.
• Inventory is up 11% from 2007

To read the entire report,here.