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Elliman Report: Putnam & Dutchess Sales 3Q 2015

PUTNAM Housing price trend indicators moved higher in the third quarter as market conditions tightened. Median sales price for single family and condo sales increased 5.4% to $316,000. Average sales price followed the same pattern, up 8.7% to $365,044 and average price per square foot increased 7.6% to $184 over the same period. Condo prices rose faster than single family prices. Condo median sales price jumped 15.1% to 262,500 and single family median sales price increased 4.2% to $333,500 respectively from the prior year quarter…

DUTCHESS We are please to announce our market report coverage area has expanded to Dutchess county, New York. Dutchess county housing prices showed mixed results in the third quarter. Median sales price increased a nominal 0.6% to $270,000, reflecting the general stability of the market. Average sales price and average price per square foot slipped from prior year levels. Average sales price fell 4.8% to $286,674 and average price per square foot declined 3.7% to $130 respectively from the prior year quarter…

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