Across New York, through June 30, the pandemic sent single-family home sales cratering 34 percent to 8,107, compared with a year ago, according to the New York State Association of Realtors.īut rising home prices and shrinking inventories in the Mid-Hudson and Catskills markets appear to show them occupying a real estate sweet spot.

Understanding the state of local real estate sales starts with separating them from the statewide market. But the county’s median sales price rose 9.6 percent to $285,000.Įlsewhere, sales of single-family homes in Sullivan County slipped 2.4 percent to 405 through mid-year from 415 in mid-2019, but the median sales price shot up 18.6 percent to $166,000.Īnd single-family-home sales sank by 6.7 percent to 647 in Ulster County, according to the Ulster County Board of Realtors, and by 24.4 percent to 152 in Dutchess County, based on the Mid-Hudson Multiple Listing Service’s figures.īut strong demand sent Ulster County’s median home price soaring 33 percent to $308,569, while helping Dutchess County’s median price hold steady at $325,000. Orange County’s single-family home sales tally tumbled 15.4 percent through June 30 to 1,365 compared to 1,614 last year, according to newly revised mid-year data, released Monday, by the Hudson Gateway Association of Realtors. Other evidence, from the anecdotal to statistics indicating shrinking inventories and rising prices, show robust demand in recent weeks.

The market is so hot that local buyers often can’t compete with non-local buyers’ offers, local Realtors said, though that's not readily apparent in the latest housing data, which tell a tale of two markets.ĭwindling sales totals make it look like the local market slumped in the first half of the year.

Those who might traditionally look at Long Island or the Lower Hudson Valley are aggressively snapping up homes in the Mid-Hudson and the Catskills “because they can have the same amount of home and half the taxes,” Blumenthal said.

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