Ulster home sales decline in May

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KINGSTON – Sales of single-family homes in Ulster County dropped by double digits because of COVID-19.

The Ulster County Board of Realtors/Hudson Valley Catskill Region MLS reported a decline of 29.2 percent in May when compared to the same month last year. Home sales totaled 87 in May, compared to 123 in May 2019.

Despite the large drop in sales in May, the average price rose from $293,349 to $330,005.

Homes also stayed on the market for 112 days compared to 107 days in May 2019.

The number of listings in May fell by 50 percent from the same month last year. A total of 295 homes were listed in May 2020, compared with 593 during the same period last year, the Board of Realtors reported.

Year to date, sales increased by 1.4 percent, going from 558 in the first five months of last year to 566 this year.