We just published our report on the Westchester & Putnam County New York housing markets. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points


  • Inventory fell to 8-year low.
  • Jump in both number of sales and signed contracts.
  • Housing prices rose above year ago level.
  • Median sales price rose to highest level for second quarter in 8 years.
  • Credit remains tight keeping inventory low.
  • Heavy contract momentum carrying into next quarter.


  • Sales jumped despite inventory slide.
  • Housing price indicators slipped from year ago levels.

Here’s an excerpt from the report:

WESTCHESTER There were 2,251 sales in the second quarter, 24% more than the same period last year, consistent with the 23% increase in all signed contracts over the same time period. Listing inventory fell by 13.3% to 6,128 from the prior year quarter, marking the lowest second quarter inventory total since 2005…

PUTNAM The Putnam housing market saw a modest decline in all price indicators from prior year levels. Median sales price was $288,500, down 1.5% from the prior year quarter. Average sales price fell by 6.2% to $326,406 and average price per square foot fell by 5.2% to $164 over the same period…

You can build your own custom data tables on the Westchester & Putnam markets as well as view charts on the Westchester market, all updated with 2Q13 data.

Press coverage

The Elliman Report: 2Q 2013 Westchester & Putnam Sales [Miller Samuel]
The Elliman Report: 1Q 2013 Westchester & Putnam Sales [Douglas Elliman]
Aggregated Custom Market Data Tables [Miller Samuel]
Westchester Market Charts [Miller Samuel]

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