PUTNAM Putnam county sales activity continued to surge
above year ago levels. Sales levels have been
up sharply since the third quarter of 2015. There
were 269 sales in the second quarter, up 36.5%
from the prior year quarter and the most second
quarter sales in a decade. Of those sales, 87%
were single family and 13% were condos. Total
contract volume is up 24% to 315 and new
contract volume is up 24.5% to 259 respectively
over the same period. As a result of heavy sales
volume, listing inventory fell. There were 832
listings in the second quarter, down 20.6% from
the same period last year…

DUTCHESS The number of Dutchess sales continued to surge
over prior year levels. There were 246 sales in the
second quarter, up 26.8% from the same quarter
last year. Of those sales, 92.3% were single family
and 7.7% were condos. Listing inventory fell 9.2%
to 873 over the same period. As a result of rising
sales and falling inventory, the pace of the market was faster. The absorption rate, the number of
months to sell all inventory at the current rate of
sales, was 10.6 months down sharply from 14.9
months in the year ago period…