While the number of single family home transactions decreased year over year in September 2010, the median home price in Ulster County (according to data from the Ulster County MLS) increased from $215,000 to $229,500. The median price last month was almost identical to the August 2010 median price of $230,000.
The lowest priced home which was sold in September 2010 was a $35,000 home in Kingston, while the highest priced home was a $1.1 million home in Woodstock.
The number of homes sold dropped to 86 from 110 in September 2009, but was higher than the August 2010 result of 83 homes sold.
Despite the fact that it has become more difficult to sell homes, there hasn’t been much movement in the median prices of homes that did sell. There aren’t many places in the country that are showing median price increases from 2009 to 2010, so I see September’s data as a good sign of the stability of the Ulster County real estate market.