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Elliman Report: Putnam & Dutchess Sales 3Q 2020

Price trends surged as a supply-constrained market could not meet the demand caused by the spring lockdown and outbound migration from New York City. As a result, price trend indicators moved higher year over year. Median sales price rose year over year by 12.5% to $360,000, the largest annual gain in two years. Average sales price surged 29.5% to $424,870, the largest year over year rise in more than nine years. Listing discount, the percentage difference between the last…

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