Houlihan Lawrence has just released our 4th Quarter 2011 Market Report for New York’s Westchester, Putnam and Dutchess counties. Here is an excerpt from the report:
2011 marked a year of relative stability in the residential real estate market north of New York City, in contrast to the volatility seen in global financial markets.
Following the big bounce in home sales in 2010, we experienced modest declines in both units and median prices in 2011 across most of the region.
In Westchester, the median single-family home sold for $600,000, down 4.7% from 2010. In Putnam, median prices were up 3% to $320,000, breaking a 5-year downtrend during which prices declined a total of 25%. In Dutchess County, single-family home values were down 5% to an average of $246,000.
For the full report and market by market stats including Armonk/Byram Hills, Click here