Putnam Countys Median Home Price Increases Almost 6 Percent From Third Quarter Last Year

Putnam Countys Median Home Price Increases Almost 6 Percent From Third Quarter Last Year

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For those who are considering selling their home in Putnam County, this is the opportunity that they have been waiting for!  As Putnam County is a reasonable commuting distance to Manhattan, Connecticut and lower Westchester, many buyers are opting for the benefits that Putnam Image titlehas to offer over some of New York City’s other bedroom communities.  Putnam county homes offer more house and property for the money while the taxes tend to be considerably less.  Accessible from many highways as well as the Metro North Railroad, Putnam County is a welcome retreat for commuters who want to have some privacy and natural surroundings.

The fall is a great time for sellers to have their home on the market because low inventory last spring and Summer left many buyers still searching.  ThImage titlee home they buy will be the one that they see this fall and winter. These buyers aren’t waiting for another spring.  the sellers who have their homes listed now will be the ones that are sold before the last oil delivery of winter.

According to the October issue of Real Estate In-Depth (published by the Hudson Gateway Multiple Listing Service), this fall’s inventory is at the lowest levels the market has experienced in many years.  The article also states that as of the third quarter, 2018, it does not appear that the tax reform law passed earlier in the year has had a material effect on sales, nor has gradually rising mortgage interest rates.  While both could manifest and influence at a later date, the housing market in the lower Hudson Valley currently remains strong.

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Shaun Manning Headshot
Phone: 347-612-9825
Dated: November 5th 2018
Views: 215
About Shaun: Shaun's focus is on residential real estate in Fairfield, Westchester, Putnam, Dutchess and the surr...

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