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The new MLS will draw from about 40,000 real estate professionals in New York City boroughs, along with Westchester, Nassau, Suffolk, Putnam, Rockland, Sullivan and Orange counties.
The Westchester County Board of Legislators is currently reviewing legislation that would dramatically impact the way co-ops are sold in Westchester County.
Higher home prices and a lack of inventory contributed to a decline in housing sales in the lower Hudson Valley region, analysts said.
The deal will add more than 1,400 listings in Sullivan County from 200 agents into the regional real estate database run by the Hudson Gateway Association of Realtors.
The area served by the new multiple listing service would include Westchester, Putnam, Rockland, Orange, Bronx, Manhattan, Brooklyn, Queens, Nassau and Suffolk counties.
The Hudson Gateway Association of Realtors instated Barry Kramer, co-owner of Westchester Choice Realty, Inc. in Scarsdale, as its president for 2018.
There were 18,854 residential property sales in the Lower Hudson Valley last year, a 4 percent increase from 2016.
Kramer is a principal broker-owner at Westchester Choice Realty in Scarsdale.
Third-quarter property sales were down less than 0.5 percent year over year across the region.