Local real estate statistics were recently published for October 2009.  The market update below shows that closed sales and the number of purchase offers accepted are UP since last October, while the inventory of available homes for sale has declined.  This is great news for sellers, and should serve as a caution for home buyers who are waiting to time the market.  In fact, the average selling price has not even changed significantly since last year.    

October 2009 Sales Statistics

SINGLE FAMILY DETACHED 

                                           Oct '08         Sept '09      Oct '09        1 Yr. Chg / %

Closed Sales                        131              136             155               UP         18%

Average Selling Price          305,897       303,491      298,982        DOWN    2%

Purchase Offers Accepted   125              148             166               UP         33%

Average Days On Market    128              130             128              SAME      0%

Available Listings                2249            2074           2027            DOWN    10%

Source:  Mid-Hudson Multiple Listing Service Inc (MHMLS). These figures do not represent private real estate sales. This report reflects the sales activity of MHMLS, which comprises the largest sales volume sampling.