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.  

January 2015 National Real Estate Market Update

Century 21 Real Estate provides this real estate market update for January 2015.  

Here we can see the year-end results and comparisons nationally.

National Real Estate Market Update December 2014

Get an update of the national real estate market trends for December 2014.

Century 21 National Market Update through November 2014

Check out this short video summarizing the national real estate market trends through November 2014.