Daily Tax Report ®

Westchester Home Sales Are Climbing Again, Along With Listings

July 11, 2019, 9:29 AM

Single-family home sales in Westchester jumped by the most in three years as falling mortgage rates roused buyers and blunted concerns about U.S. tax law changes, according to a report by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.

Completed deals totaled 1,508 in the three months ended June 30, an increase of 14.3%—the biggest year-over-year gain since the second quarter of 2016, the firms said. At the same time, the number of listings is climbing— also to the highest level since 2016. The median sale price was unchanged at $700,000, the fourth consecutive quarter without an increase,...

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