• 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 - What's Happening In The Housing Market?

At the first of April, 2017, there were 330 less single-family detached homes for sale in Dutchess County than there were in April of 2016.  In spite of the continual decline in available inventory, sales have held up at slightly higher numbers than last year.  

However, the lack of homes for sale appears to be having an effect on current purchase offers, which are down by 13.4%. 

Let's take a look at sales, selling prices, purchase offers and available listings in Dutchess County, comparing year-to-date figures through April 2017 to the same period last year.

Dutchess County Single-Family Detached Homes

  Y-T-D April 2016 Y-T-D April 2017 % Change
Closed Sales 604 644 +6.6%
Median Selling Price $233,100 $236,160 +1.3%
Available Listings at 1st of the Month 1,525 1,195 -21.6%
Purchase Offers at 1st of the Month 262 227 -13.4%

 

Dutchess County Single-Family Attached Homes

  Y-T-D April 2016 Y-T-D April 2017 % Change
Closed Sales 125 109 -12.8%
Median Selling Price $145,999 $169,000 +15.8%
Available Listings at 1st of the Month 240 184 -23.3%
Purchase Offers at 1st of the Month 36 47 +30.6%

 

If you are planning to sell your Dutchess County home, or are looking to buy a home in the area, contact us.  We know the inventory and the market, and can help you sell your home or property, or find you that perfect new home.

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