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Westchester Real Estate Inc. has issued its report on first-quarter activity along with general projections for the second quarter saying that single-family contracts in the...
“With a low inventory, buyers often find it difficult to find housing that fits their criteria,” its report stated.
Joe Rand, chief creative officer for the organization, described the luxury market as being “spooked” by SALT and told the Business Journal, “I think the market is fundamentally strong."
The report said that the number of residential sales in Westchester rose 14.5% to 2,495 in the second quarter of 2019.
“We’ve seen a very good quarter and we’re seeing some very optimistic numbers,” Scott Elwell said.
The Westchester County Board of Legislators is currently reviewing legislation that would dramatically impact the way co-ops are sold in Westchester County.