Region sees double-digit increase in home sales

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HUDSON VALLEY – The City of New York was ground zero for the coronavirus pandemic leading many downstate residents fleeing to the northern suburbs and exurbs.

That has been borne out by a sharp increase in home sales in the Hudson Valley counties, according to the Hudson Gateway Association of Realtors.

The largest percentage of single-family home sales was experienced in the second quarter of this year in Sullivan County with a 71.9 percent increase. Sales in the first six months of the year, sales rose by 67.7 percent.

The median sale price rose by 31.4 percent.

Rockland County sales rose by 69.1 percent in the second quarter with a 49.9 percent increase in the first half of the year.

The median sale price rose by 15.8 percent.

Westchester saw a 55.0 percent increase in sales in the second quarter; 48.9 percent increase for the first six months.

The median selling price in the second quarter was 17.6 percent.

In Orange County, second quarter home sales increased by 53.4 percent; the six-month increase was 54.9 percent.

The median sale price in the second quarter increased by 20.8 percent.

In Putnam County, home sales increased by 32.2 percent in the second quarter; 48.3 percent increase for the first six months.