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The Putnam housing market cruised through the second quarter of 2019, with sales up and prices basically flat. Compared to the rest of the region, Putnam was a bit of an outlier, with single-family home sales rising 7% for the quarter and almost 1% for the rolling year – the only county in the region with rising sales. Single-family pricing was a little more mixed: flat on average, up almost 4% at the median, and down 1% in the price-per-square-foot. For the rolling year, though, prices have been generally appreciating. Moreover, the negotiability indicators signaled a rising seller’s market, with days-on-market falling and the listing retention rate up. Going forward, we expect that Putnam will continue to show modest sales growth and price appreciation through the summer and fall.
