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