Westchester house prices slowly coming back down to earth

Westchester house prices slowly coming back down to earth

The Westchester housing boom is apparently over with slowing sales and lower home prices.
According to the Westchester-Putnam Multiple Listing Service, for six months last year the median price of a single-family home was more than $700,000. That price was a record high for the county. The latest numbers out for the first quarter of 2006 show that the price is now about $650,000. And in Putnam County the median price is down 8.5 percent from last year, with the home prices around $375,000.
The listing shows that only condo sales are still growing strong in Westchester.