WESTCHESTER Westchester single family contract activity was
higher than prior year levels as severe winter
weather conditions pushed first quarter pending
sales into the second quarter. Despite the 16.7%
decline in closed home sales, total contracts
expanded 3.9% from the prior year quarter and
jumped 51.9% from the prior quarter. The rise
in contracts from first to second quarter was
higher than the 35.5% average increase of the
prior 2 years. Listing inventory expanded 7.9% to
3,905 rising from the low water mark set in 2013…