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.
| Y-T-D Aug. 2014 | Y-T-D Aug. 2015 | Change | |
| Closed Sales | 1137 | 1297 | +14.1% |
| Median Sales Price | $241,500 | $240,000 | -0.6% |
Sales are up from last year so far by 14.1%, which is good. Pending sales shot up considerably in August 2015 at a pace over 80% greater than in August 2014 . . . which is exciting. One month does not predict a trend, but it does indicate what closings should look like in September.
t's interesting to note that reviewing historic median sales prices from 2005 through August 2015 shows that our median sale prices are still hovering over the lower price ranges, which means that higher priced homes are not selling as rapidly. In 2005 through 2007 the median sale prices fluctuated between $300,000 and $360,000 pretty consistently. Since the drop in 2008 the lower priced homes, influenced by the large amount of foreclosed properties, have been selling at a much quicker pace than the higher priced homes.
View the full report with all the charts and graphs. All data from the Mid-Hudson MLS. Provided by the New York State Association of REALTORS®. Powered by10K Research and Marketing.
Please don't hesitate to contact us if you have any questions about the local Dutchess County real estate market and how the present conditions affect the value of your home. We're here to help!
