November 10th, 2020
Constricted housing inventory and pent up Buyer demand, once again pushed the median sales price up in every county of the Hudson Valley region. With fewer new listings coming to market during the COVID-19 pandemic, coupled with historically low interest rates and migration of NYC dwellers to less densely populated areas, Buyers are finding themselves in an incredibly competitive real estate market, creating significant upward pricing pressure.
The Median Sales Price rose for every county in the region this quarter, most significantly in Columbia (+38.9%), Sullivan (+34.5%), and Greene (+30.9%) Counties. Westchester (+22.1%), Ulster (+17.8%), Orange (+13.9%) and Dutchess (+12.1%) also demonstrated notable increases in Median Sales Price. Westchester County witnessed an increase of $125,000 and Columbia saw a rise of nearly $100,000 in the median sales price.
View the full Hudson Valley Regional Housing Market Report for Q3 2020
