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Home sales at record levels in Greene County

Jul 14, 2021 5:30 am

Sam Raudins is reporting for Columbia-Greene Media for the second year in a row, home sales in Greene County have hit record levels, according to a report from the state Association of Realtors. The association found that from May 2020 to May 2021, home values increased by more than 70 percent. Greene County Director of Economic Development and Planning Karl Heck said the spike can be attributed to high demand versus a low supply of homes. In 2020, a record 903 houses were sold countywide, according to the Association of Realtors. Heck said the postal service reported 800 people moved to the area over the course of the past year. As of May 2021, the median home value in the county was $332,500, an increase from $195,450 in 2020. Catskill saw the biggest increase while the mountain top continues to draw second homeowners, but the entire county appears to be drawing buyers, Heck said. County Administrator Shaun Groden said 30 percent of the housing stock consists of second homes. In the long run, people buying homes in the area can stimulate the economy, Heck said. Groden added it could cause expansion of internet access, allowing more people to work remotely from the county and driving sales. Read the full story at HudsonValley360 [dot] com.

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