< All Market Reports

Elliman Report: Putnam & Dutchess Sales 3Q 2016

The Putnam county housing market saw the most sales in 11 years. The number of sales surged 21.5% to 367 from the same period a year ago. Single family home sales accounted for 87.2% of total sales while condos accounted for 12.8% of total sales respectively from the year ago quarter with roughly the same representation by property type. Listing inventory dropped 27.8% to 698, pushing the pace of the market more than 40% faster than the same period a year ago. The absorption rate, the number of months to sell all inventory at the current rate of sales, was 5.7 months compared to 9.6 months in the year ago period, the fastest market pace in thirteen years…

Download Now

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
Joined October 2007