Dutchess County NY market update for attached homes
The Dutchess County NY market update for attached homes in August 2018 fell 11.3 percent compared to August 2017 when there were 53 sales, and 47 this August. Units sold ranged from $35,000 to $475,000.
The average price increased 11.9 percent. In August 2017 it was $203,010 and $227,133 this year. There was also an increase in the median price, going from $194,900 last August to $232,500, this year, an 11.5 percent increased.
Days on Market of 125 days was an increase of 48.8 percent when compared to 84 days in August 2017
Inventory continued to decline, at 137 it was 31.2 percent lower than in August 2017 when the inventory was 199.
The absorption rate at 2.91 months (the time it would take to work off the present inventory) is an indication if you are buying a condo or townhouse you would be dealing with multiple offer situations.
Comparison Dutchess County NY home sales August 2018 to August 2017 ( attached homes)
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Data considered |
August 17 |
July 18 |
August 18 |
Avg. Price |
$203,010 |
$243,130 |
$227,133 |
Median Price |
$194,900 |
$250,000 |
$232,500 |
# of Sales |
53 |
45 |
47 |
Days on Market |
84 |
89 |
125 |
Inventory |
199 |
138 |
137 |
Absorption rate |
3.75 |
3.06 |
2.91 |
Purchase Offers |
48 |
44 |
44 |
|
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The single-family attached homes inventory at 137 was the lowest between 2006-2018.
Data used to prepare this report was obtained from Mid Hudson MLS
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