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Real Estate Closings Down In Westchester And Putnam

Real Estate (credit: AP)

Real Estate (credit: AP)

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WHITE PLAINS, NY (WCBS 880) - The latest figures are out for housing in some of the northern suburbs.

WCBS 880’s Catherine Cioffi With The Numbers

When it comes to the real estate market in Westchester and Putnam counties from January 1 to June 30, there were about 16 percent fewer closings than in the first half of 2010.

“I think you have to look at why they’re lower and how much lower they are and then I think you have to go back even two years and compare them to what what was going on two years ago,” says Donald Mutuzas, vice president of the Westchester Putnam Association of Realtors.

He says that’s when the recession was.

“We’re up more than 30 percent over the ’09 figures,” he says, noting that that is something to be happy about. “Then we had the tax credit in ’10. So, we’ve really had a lot of gyration in the market as a result of a couple of different factors.”

Overall, he says, “It’s a good time whether you’re buying or selling.”