• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

Dutchess County Real Estate Market Update March 2015

The real estate market is picking up, as expected, at the start of the Spring selling season.  

Here is how the First Quarter of 2015 stacked up compared to the 1st Quarter of 2014 for single family detached homes in Dutchess County.  

  1st Qtr 2014 1st Qtr 2015 Change
Closed Sales 300 334 +11.3%
Median Sales Price 236,125 237,250 +0.5%
Average Days on the Market 144 138 -4.2%
Purchase Offers at 1st of the Month 159 189 +18.9%

Sales are up from last year so far by 11.3%, which is good . . . and pending sales are up significantly at 18.9%.  That is a good indication that we will have an improved market this year.  The median sales price was about the same, which is pretty much what we expected.

Please don't hesitate to contact us if you have any questions about the local Dutchess County real estate market and how the present conditions affect the value of your home.  We're here to help!

Source:  Mid-Hudson Multiple Listing Service Inc (MHMLS)