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Elliman Report: Putnam & Dutchess Sales 4Q 2015

PUTNAM Putnam county sales activity rose sharply from year ago levels as supply slipped. There were 299 sales in the final quarter of 2015, up 13.3% from the year ago quarter. Listing inventory declined 2% to 701 over the same period. The combination of rising sales and falling inventory resulted in a faster market pace…

DUTCHESS Housing price indicators for Dutchess county continued to show weak results. Median sales price for the county slipped 1% to $266,500 from the year ago quarter. Average sales price declined 7.5% to $288,339 and average price per square foot declined 2.1% to $138 respectively, over the same period. However the weakness in price indicators was largely reflected in the condo market while the single family market showed stability…

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