• 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

Real Estate Market Trends

Dutchess County NY Real Estate Market February 2015 - Single-Family Detached Homes

We looked at the real estate market statistics for single-family detached homes in Dutchess County for year-to-date February 2015 compared to the same period last year.  This is how they compare.

 Closed sales were up 4.5%.  

  ↔     The average sale price was about the same, with a slight uptick of .5%.

Last year it took an average of 152 days to get a home sold, and this year it was down to 136 days.

Housing Sales Down? Arctic Weather is a Big Factor

The weather has definitely been a big factor affecting home sales in the mid-Hudson Valley in January and February.  It has been difficult to show homes because of the snow, ice, and just plain frigid temperatures. 

It is a challenge for sellers to keep all the areas of their property accessible to buyers for showings, such as walkways, garages, patios, and other outdoor areas.  Some sellers have taken their homes off the market temporarily to repair damage caused by ice backups.  Does this photo look familiar?  There are also factors delaying closings, such as inspectors inability to inspect roofs, septics, and other outdoor major elements.

Hello Spring . . . can't wait till you get here . . . please give us a sign!      

Does Real Estate Have the Winter Blues? -  The harsh winter weather throughout the country is shuttering open houses, delaying closings, and keeping some home buyers out of the market.

[NAR Daily News Magazine]

Think Baby Boomers Want To Downsize? Think Again!

Watch this video for some very surprising baby boomer survey results.