Welcome to the latest edition of Houlihan Lawrence's Luxury Market Report detailing Q3-2012 activity for properties priced at $2 million or more in Westchester County and $1 million or more in Putnam and Dutchess Counties.

Recent signs indicate that the relatively robust market environment we saw in Q2 has slowed somewhat and overall we are now in a period of modest growth. Year-to-date, Westchester County sales increased modestly with a 4.9% increase in total luxury homes sold and a 3% increase in total dollar volume. Combined luxury sales in Putnam and Dutchess Counties declined vs. a year ago. Despite the more restrained market environment region-wide, there is plenty of room for optimism as several individual southern Westchester markets are continuing to enjoy record sales. [Read More]