Sellers’ market in area real estate

 KINGSTON – We have all heard stories about New York metropolitan area residents moving up to the Hudson Valley to escape the spread of COVID-19.

That appears to be borne out by August home sales transactions in Ulster County.

Sales of single-family homes rose by 10 percent as compared with August 2019, according to the Ulster County Board of Realtors. A total of 201 homes were sold this August while 183 were sold during the same month in 2019.

They also sold faster with homes staying on the market an average of 74 days in August 2020, compared with 87 in the same month last year.

Available listings were down by 42 percent with 408 homes available this past August compared with 700 one year earlier.

The average selling price rose by 23 percent, going from $318,583 in August 2019 to $293,435 this year.

During the year to date January through August, sales fell from 1,050 last year to 1,002. The average selling price so far this year was $344,036, up from $286,450 during the same period in 2019.

The average days on the market during the first eight months of 2019 were 104, compared to 100 this year.



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