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Index points to stronger Washington, Sullivan county housing market activity

By donfenley.com on September 4, 2017 • ( 1 )

Attom Data Solutions’ Pre-Mover Index points to a stronger third quarter housing market activity in Sullivan and Washington counties.

The pre-mover index shows markets where homes are more likely to sell, and buyers will soon be looking for new homes. It uses data collected for purchase loan application on residential transactions. A score of 100 indicated a higher than average ratio of homes likely to be sold in the next 30 to 90 days. Washington County’s Q2 index is 256 while Sullivan County had an index of 240.

Washington County’s index moved ahead of Sullivan County in Q1 reversing indices from the last two quarters of 2016.

Washington County home prices placed the highest demand on income in the latest report.

According to Attom’s data, the annual percentage of income needed to buy a median priced home in Washington County was 28% compared to 22.8% in Sullivan County.