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Covid-19: Luxury Home Sales Soar North Of New York City
The market for luxury homes in the suburbs north of New York City has been red-hot during the COVID-19 pandemic, as realtors saw record-breaking numbers as eager buyers flocked en masse away from the densely crowded city.
Low inventories, highly-motivated buyers, low-interest rates, and a booming stock market created a true seller’s market, leading to record-breaking sales, specifically in Westchester, Putnam, Dutchess, and Fairfield counties, officials said.
According to a new report from Houlihan Lawrence, “pandemic-driven changes in buyer preferences were especially prevalent in New York…
