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Real Estate

Suburban NYC Home Sales Plunge Because There’s Nothing to Buy

Photographer: Johnny Milano/Bloomberg

A shortage of home listings is putting a damper on property sales in the suburbs of New York City. 

Potential buyers are coming up empty in their search for a place-- and that’s sent contracts plunging for the fifth consecutive month in Westchester County and Long Island, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.  In tony Greenwich, signed deals fell in November for the fourth straight month. It has been sixth straight declines in the Hamptons.