If no additional single-family homes were listed for sale in the Hudson Valley Catskill Region Multiple Listing Service, the available home inventory — just 275 units — would sell out in just about 5 weeks in Ulster County. Tim Sweeney, president of this region’s multiple listing service, said he’s never seen inventory that low.
“If a listing comes on, and it’s priced properly, you have multiple offers within two days,” he said. “We have some crazy bidding wars. It’s very reminiscent of right after 9/11. The average sale price then was $168,000 and then six years later it was $303,000 – all due to an exodus from New York City.”