The Real Deal New York

A drop in Westchester’s single family home sales could be misleading

July 20, 2017 03:54PM

A second quarter report from Westchester Real Estate Inc., shows that sales of co-ops and multifamily buildings in the region are on the rise while single-family sales have declined by 10.9 percent and condos by 5.6 percent, the Chappaqua Daily Voice reported. However, the numbers may be misleading, as inventory is down by 15 percent, which indicates that the drop in sales is not due to the lack of demand but the lack of availability, the report found. [Chappaqua Daily Voice]