Hudson Valley housing prices continue to rise
Mario Marroquin reports in the Poughkeepsie Journal about how housing prices continue to skyrocket in the Hudson Valley. In Dutchess County, for instance, the average sales price of a single-family detached home increased by nearly $100,000 in the past year, according to Mid-Hudson Multiple Listing Service. And over the past year the median sales price and the number of single-family homes sold are up by as much as 50 percent in Westchester, Rockland, Putnam, Dutchess, Orange, and Sullivan counties, according to the real estate trade group Hudson Gateway Association of Realtors. "Westchester, Putnam and Dutchess counties have remained top choices for city dwellers searching for a more bucolic setting as well as for residents looking to trade up or trade down," Stephen Meyers and Liz Nunan of Brokerage firm Houlihan Lawrence wrote in early April. "Since the pandemic, buyers are less concerned about the distance to the city." The trends are continuing this year, as housing sales in Dutchess County for the first five months of this year outnumber sales for the first five months of 2020, 1,310 to 832. Read more about this story in the Poughkeepsie Journal.