House sales lag in 2011
Westchester County’s lagging housing market failed to rebound in 2011, as overall sales dropped 6 percent from the previous year, when the market was moderately boosted by federal tax-credit incentives for homebuyers.
The Empire Access Multiple Listing Service reported a total of 6,194 residential sales closed last year by its member Realtors, down from 6,586 sales in 2010. The county housing market in 2009 had tumbled to 5,824 sales, a 12 percent drop from 2008 and the start of the recession.
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