Hudson Valley’s residential market sees low inventory and high demand

September 07, 2017 05:23PM

The summer residential real estate market in Hudson Valley saw high demand from buyers. However, low housing inventory led some homebuyers to desperate measures, including sending flowers and candy to sellers, LoHud reported. “It was extremely busy, unlike any summer market I’ve ever experienced before,” Kenyatta Jones-Arietta, the owner of Nyack-based R2M Realty, told LoHud. The outlet reports that the region has only a four-month supply of unsold inventory at the current sales pace, and that figure is down from 4.8 months a year ago. Julia B. Fee Sotheby’s International Realty agent Holly Mellstrom said, “[Interested buyers] are writing letters to the sellers. They are sending flowers. They are sending candy. They are dropping off personal notes, pictures of their family.” [LoHud]