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Elliman Report: Putnam & Dutchess Sales 1Q 2020

Final two weeks of March 2020 • The number of sales increased by 11.7% to 248 from the prior-year quarter, the third increase in four quarters. However, that pattern was not reflective of the recent change in market conditions that began in early March and has been measured in terms of days. Awareness of the global pandemic known as COVID-19 cooled conditions after two significant rate cuts by the Federal Reserve and the statewide shutdown of non-essential businesses. The most relevant metric for March has been…

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