November Market Report in Dutchess County

By
Real Estate Agent with Berkshire Hathaway HomeServices Hudson Valley Properties 30AL1134891

Market Report for Dutchess County - November 2014


Real estate market data for Dutchess County, NY provided by Debbie Allan of Berkshire Hathaway HomeService Hudson Valley Properties.


Dutchess County Home Prices

 
According to Sandy Tambone, Executive Officer of Mid Hudson Multiple Listing Service --  
"Market Recovering from Dark ‘n Stormy Start of Year"
"After a first quarter deficit of 9.6% in sales of single family detached homes in Dutchess County the market is poised to at least post the same or close to the same number of units sold as last year. November sales of single family detached homes are 12.1% greater than last year. November 2014 logged 148 units which is 16 units above last year’s 132. The net effect has brought the year-to-date sales up to 1607 this year versus 1612 from last year which is only 0.3% off. The past three year’s unit sales total surpassed the previous and it is hopeful this year will make four years in a row.
Although the higher unit volume is at the cost of long term price stagnation and slightly declining year-to-date- average and median selling price. There has not been any appreciable increase in selling price for some time. The Y-T-D average selling price is down 2.7% to $296,134 from $304,257 and the Y-T-D median selling price is down just 0.1% to $246,997 from $247,250.
The number of available single family detached homes for sale in Dutchess County and the purchase offers on listed homes are both up 6.9% and 5.3%, respectively. The concern of increasing mortgage rate may be tempered by the inflation rate being only 1.5% over last year. The Federal Reserve is under no pressure to raise rates."

 

Plenty to choose from in Dutchess County 

 


3,085 Available Homes
If you are interested in current homes on the market in Dutchess County you can find that information by clicking on the link. High inventory suggests that homes are sitting on the market for longer. Currently in Dutchess County, single family homes have a current average market time of 138 days before they sell and single family attached (condos & townhomes) current average days on market is at 121 days to sell.

    
This would suggest that buyers are in a great position to make an aggresive offer on a home.  Sellers should make sure to price their home near the market value if they expect to get an offer from a prospective buyer.

 

 
 
 Click here to get timely market information for Dutchess County real estate





Visit my website to search for homes in Dutchess County or to be notified when a new homes come on the market.
To find out what you home is worth in the current market call 845.705.5441 or fill out FORM What's my home worth?


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All the best, Debbie

 

 

Debra Allan  ABR, CRB, CRS, e-PRO, GRI, SFR, SRES

Associate Real Estate Broker

Berkshire Hathaway HomeServices

Hudson Valley Properties

1100 Rte. Suite 201, LaGrangeville NY 12540

 

MOBILE 845-705-5441

DAllan@BHHSHudsonValley.com

www.DebbieAllan.com

 

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Rainer
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Mark Baker
United Realty Group Wellington - Wellington, FL
Serving Palm Beach County FL

Hi Debra, great job on a very detailed market report.  I'm a big fan of doing market reports too, I use video for mine.  Thanks for sharing.

Dec 15, 2014 03:47 AM #1
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Rainer
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Debra Allan

Moving Dutchess County for over 25 Years!
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