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Real Estate

Westchester Runs Out of Home Listings in Rush to NYC Suburbs

  • Suburbs north of NYC see ‘fastest-moving market in history’
  • Competition prices out buyers who are stretching their budgets

New York area homebuyers have been scooping up suburban properties at such a ferocious pace that they’ve drained the supply of listings in tony Westchester County. 

At the current pace of deals, it would take just 1.3 months to sell all the single-family homes available in the county at the end of the fourth quarter, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Thursday. That’s the shortest time in the firms’ records, which go back to 1994.