town of putnam valley
This historic community, nestled in the Hudson Highlands, is less than an hour from midtown Manhattan by car, but centuries away from New York’s hectic lifestyle. Putnam Valley, with a population of approximately 11,000 people, includes several lovely lakeside communities, and the renowned Clarence Fahnestock State Park which has many miles of hiking and riding trails.
The Putnam Valley Central School District operates three schools: Putnam Valley Elementary School starting at kindergarten, Putnam Valley Middle School starting at 5th grade, and Putnam Valley High School starting at 9th grade. The district was created in 1934, and was dedicated in 1935.
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LAST MONTH’S DATA COMPARED TO PREVIOUS TWO YEARS
The industry considers Median Sales Price a more accurate look at home prices than average because it eliminates the outliers that can skew data.
Low inventory (new & active listings) can lead to a sellers market, especially if pending & sold listings are up. The opposite, high inventory and low sales will lead to a buyers market.
Months of inventory reflects an estimate of the amount of time it would take to sell all of the current listings in a given area. Six months is considered a ‘balanced’ market. Anything under 6 months is considered a sellers market and anything above is a buyers market.