Dutchess County real estate update for attached homes | August 2016

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Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

Dutchess County market update for attached homes in August 2016

The market update in August 2016 for Dutchess County attached homes ( condo and townhouse market ) saw a drop of 1 in the number of units sold,  when compared to same time last year.  There were 52 units sold  in August 2015  versus 51 this August, this was a 1.9 percent drop.  Although there was one less sale the current dollar sales volume for this August was higher, an indication that there were more expensive sales.

An absorption rate of 5.82 puts this market niche in the normal range.  Although this absorption rate was a reduction from August 2015 it was an uptick when compared to July 2016  (see chart)

Average sales price rose 19.4 percent, going from $193,989 in August 2015 to $231,702.

The median price saw an even larger increase, going from $171,250 last August to $225,000 this August; this was a 31.4 percent.

Single family attached homes were on the market 8 less days compared to August 2015.

Inventory was down 20.5 percent .  Purchase offers also decreased by 17.4 percent.

Dutchess County real estate August comparison  Single Family Attached homes

Data Aug. 15 Jul. 16 Aug. 16
Purchase offer 46 43 38
Avg. Price $193,989 $190,712 $231,702
Median Price $171,250 $155,000 $227,000
# of Sales 52 57 51
Days on Market 115 101 107
Inventory 351 301 279
Absorption rate 6.76 5.28 5.82

Home Price for Dutchess County homes August 2016

Dutchess County attached home sales August 2016

Dutchess County real estate update for attached homes | August 2016

Dutchess County attached homes in Agust 2016

With inventory on the decline this is a great time to put your home on the market.  Call Today to get a market analysis

Did you know  those looking for homes in the Fall are usually very serious buyer's?

 You can also find the market report for single family detached homes  at: Dutchess County real estate August 2016 update

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jennifer. And the times are good in your area! Enjoy your day!

Sep 15, 2016 10:11 PM #1
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Harry F. D'Elia
RentVest - Phoenix, AZ
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Thanks for sharing your local real estate market reports with us today.

Sep 15, 2016 10:11 PM #2
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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Jennifer Fivelsdal Thank you for taking the time to prepare and share this vital information.  It's perfect for buyers and sellers! Hope you have a wonderful weekend!

Sep 15, 2016 11:04 PM #3
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Jennifer.  Thanks for the market update for Dutchess County, NY.

Sep 18, 2016 08:45 PM #4
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