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Elliman Report: Putnam & Dutchess Sales 4Q 2020

The fourth quarter continued where the third quarter left off; significant sales and price gains combined with a significant supply decline. Listing inventory declined 34.8% year over year to 334, the lowest level in at least twenty-one years. The incoming property supply could not keep up with brisk sales levels that jumped 19.5% to 367. As a result, all price trend indicators saw double-digit gains. The median sales price county-wide rose year over year by 11.9% to $375,000, the largest increase in more than…

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