The Federal Reserve Financial institution of New York updates its county estimates for house real-estate job with new information per thirty days. In July 2022, the central financial institution put Ulster County, the place costs higher on a year-to-year foundation through 9.3 p.c, in the course of the pack, the place the Lengthy Island counties and lots of upstate counties additionally have been. That building up was once concerning the tempo of inflation.
The New York Town counties apart from for Staten Island endured to lag, however all have been in sure territory.
July-to-July worth adjustments within the Hudson Valley counties have been a combined bag, starting from 18.5 p.c in Greene County to a scant 3.4 p.c around the Hudson River in Columbia County. In between those two extremes have been Rockland County at 15.2 p.c, Sullivan at 14.9 p.c, Dutchess at 13.3 p.c, Westchester at 12.1 p.c, and Putnam at 11.2 p.c.
As a result of the small pattern dimension of gross sales within the smaller counties, one-month numbers aren’t statistically dependable.
The state agents’ affiliation, NYSAR, which calculates housing inventory just a little otherwise, mentioned July-to-July median house costs statewide higher from $385,300 to $420,000, and in Ulster County from $349,900 to $389,500.