The real estate market is picking up, as expected, at the start of the Spring selling season.
Here is how the First Quarter of 2015 stacked up compared to the 1st Quarter of 2014 for single family detached homes in Dutchess County.
| 1st Qtr 2014 | 1st Qtr 2015 | Change | |
| Closed Sales | 300 | 334 | +11.3% |
| Median Sales Price | 236,125 | 237,250 | +0.5% |
| Average Days on the Market | 144 | 138 | -4.2% |
| Purchase Offers at 1st of the Month | 159 | 189 | +18.9% |
Sales are up from last year so far by 11.3%, which is good . . . and pending sales are up significantly at 18.9%. That is a good indication that we will have an improved market this year. The median sales price was about the same, which is pretty much what we expected.
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!
Source: Mid-Hudson Multiple Listing Service Inc (MHMLS)
