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Demand for Westchester Suburban Homes Are Still High

Posted by hudsonvalleywebgirl on April 9, 2021

The pandemic-driven housing boom in New York’s suburbs isn’t letting up even as vaccines lift hopes for a return of city life.

Buyers are still clamoring for space in the greener pastures north of Manhattan, though they may not be breaking ties with the city completely.

Completed sales of single- and multifamily houses, co-ops and condos totaled 2,489 in the first quarter, up 37% from a year earlier, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Thursday. The deals pushed the supply of listings in the county down 17% to 2,533, the fewest since the end of 2001.

“A few months ago, it was people who were leaving driving demand,” Scott Durkin, president of Douglas Elliman, said in an interview. “Now, it’s people who want both” — a city apartment and a home outside the city.

Read more here.

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