Mid-Hudson Valley Housing Market Update

The local Mid-Hudson Valley housing market activity has been brisk over the past year. Buyer demand has outpaced new listings, creating fast sales, multiple offers, and low inventory, which is a situation likely to continue into 2021.

While the housing market traditionally cools with the changing of the seasons, all signs point to buyer activity remaining elevated.

Median prices of single-family homes rose significantly compared to last year. Take a look at the chart to see how prices have changed in our area year over year,

Median Sale Prices of Single Family Homes by County - Year-to-Date through Q3
County YTD 2020 YTD 2019 % Change
Dutchess 320,500 294,000 +9.0%
Ulster 256,000 230,000 +11.3%
Orange 305,000 270,000 +13%
Putnam 370,000 360,000 +2.8%
Westchester 740,000 672,000 +10.1%

If you are planning to purchase a home in the Mid-Hudson Valley, be prepared to act quickly and decisively. The key is to be prepared with your home buying priorities and your loan pre-approval. You should also be working with a qualified Realtor® who is watching the market closely and adivising you through the process.

If you are thinking of selling, it's a good time to meet with a Realtor® who will help you get your home ready for the market and ensure your asking price is competitive.

If you are thinking of buying or selling a home in the Mid-Hudson Valley, contact us.  Buyers and sellers have trusted us to help them achieve their real estate goals for over 30 years.  We look forward to helping you achieve yours!