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Elliman Report: Putnam & Dutchess Sales 2Q 2017

PUTNAM The Putnam market was characterized by rising prices, elevated sales and falling inventory. Although the number of sales slipped 1.1% to 266 from the year ago quarter, it was the second highest total for a second quarter in more than a decade. Both single family and condo sales slipped. Contracts fell 11.7% over the same period suggesting a slower third quarter than the prior year. Listing inventory fell 23.7% to 635 from the year ago quarter…

DUTCHESS Dutchess County enjoyed heavy sales volume, the most for a second quarter in over two decades. There were 323 sales in the second quarter, a 31.3% jump from the year ago quarter. Contracts slipped 5.2% from the year ago quarter indicating that the third quarter may not experience the same heavy sales volume as the second quarter. Listing inventory was unable to keep pace with heavy sales volume, falling 10.9% to 778 over the same period…

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