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Elliman Report: Putnam & Dutchess Sales 4Q 2016
PUTNAM Putnam county sales reached their highest fourth quarter total in more than 20 years as price trend indicators slipped. There were 310 sales, up 3.7% from the year-ago quarter. The record was attributable to the growth in single family sales, up year over year by 8.6% to 277, accounting for 89.4% of total sales. Condo sales fell 25% to 33 over the same period and accounting for 10.6% of all sales. Year to date, overall sales jumped 20.1% to 1,173 from the same period last year. Inventory continued to fall sharply as the heavy sales volume cleared out market slack…
DUTCHESS Dutchess county continued to see record sales activity and modest price growth. Single family and condo sales reached the highest fourth quarter total and the second highest quarterly total in at least two decades. There were 357 sales, up 32.2% from the year-ago quarter…
