• 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 Real Estate Market Update August 2015

The residential real estate market in Dutchess County, New York, has remained stable so far this year with a steady increase in closed sales.    

Here is how year-to-date through August 2015 stacked up compared to the same period last year for single family homes in Dutchess County, which consists of single-family detached homes, townhomes & condominiums combined.  

Real Estate Market Update June 2015

 . . . and the good news continues for the real estate industry.  Watch this short video for the highlights.

 

Real Estate Market Trends - Why Homeowners Are Not Selling

As we move through the Spring season, we keep getting more good news.  Nationally most the real estate news is good, and the Mid-Hudson Valley is conservatively following the same pattern as the nation.  The only negative news seems to be the continued low inventory levels that are keeping the numbers down to a lower level than they would otherwise be.

I was reading a survey that was conducted by an Association of REALTORS® in a Midwestern state (not New York) that showed that the reasons that homeowners are not selling have drastically changed over the past few years.  

In 2012, the most common reason for not selling was that homeowners were waiting to sell for a higher price, with 59% selecting this response. The next most common answer, concerns about the economy, came in a close second with 56%. 50% indicated that would-be sellers' homes were underwater. In a distant fourth, only 16% of survey participants indicated that potential sellers weren't selling due to a lack of homes to buy after selling their home.

Compare the 2012 responses with those from last month's survey, and the changing attitudes are dramatic: