Real Estate Market Trends

The local Mid-Hudson Valley housing market activity has steadily improved over the past several years, and we finished up 2016 with more sales than we have seen for many years.  Increases in homes sold compared to 2015 were significant in most areas.  Dutchess County sales were up by 23.8%, Orange was up 25.3%, Putnam up 19.1%, Ulster had a 22.9% increase and Westchester a 7% increase.

In the Mid-Hudson Valley the median prices of homes rose at a moderate level compared to last year. Take a look at the chart to see how prices have changed in our area year over year, and how they compare to prices 5 years ago.

Residential real estate sales activity in Dutchess County has continued to increase, and we're headed for the best sales year in many years.

Let's look at Single Family Detached homes separately from Single Family Attached homes to get a more detailed overview of how the different segments are performing.  We will be comparing the first four months of 2016 compared to the same period last year.

Dutchess County Single Family Detached Homes

Sales of single family detached homes in Dutchess County increased by a whopping 26.4%.  There were 604 closed sales by the end of April of this year compared to 478 last year.