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Elliman Report: Putnam & Dutchess Sales 1Q 2016

PUTNAM The number of Putnam county sales continued to rise sharply over prior year levels, overpowering inventory. There were 227 sales in the first quarter, up 26.8% from the prior year quarter. Of those sales, 87.2% were single family and 12.8% were condo. In addition, the total number of contracts surged 39.3% to 255 over the same period. New contracts signed within the first quarter jumped 62.1% to 201 from the prior year quarter…

DUTCHESS Price trend indicators for Dutchess county single family and condo sales fell just short of levels set in the prior year quarter. Median sales price slipped a nominal 0.3% to $247,250 and average sales price declined 0.7% to $278,015 respectively from the prior year quarter. In contrast, the average price per square foot of a sale increased 4.4% to $141 over the same period…

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