Dutchess County Single family home sale
The Dutchess County single family home sale increased in January, will this be the trend for 2013?
There seem to be many potential home buyers looking for a home. Sellers really have an opportunity right now, since there are many buyers who can't find the home of their dream and your home might be just what one of these buyers are looking for. With that being said you might consider listing early.
Sales in January came in at 105 which was an increase of 19.3 percent when compared to January 2012, at that time there were 88 homes sold.
The average Dutchess County home sale price of $354,250 was an increase of 17.3 percent over January 2012, at that time the average sale came in at $301,983. The same could not be said for the median price which at $ 230,000 was the lowest in 10 years, as well as a decrease of 8.7 percent when compared to same time last year.
The inventory also dropped to 13.8 percent when compared to January 2012, at that time the inventory was 1671 with an absorption rate of 18.91 months. This January the inventory was down to 1440 and the absorption rate had dropped to 13.8 months. (absorption rate is the number of months it would take to work off the present inventory)
Dutchess County single family detached home inventory
This button will take you to the variety of homes available in Dutchess County.
Details of single family detached home sale in January 2013
| JAN 12 | | DEC 12 | | JAN 13 | |
| Avg.Price | $301,983 | $323640 | $354,250 |
| Median Price | $252,050 | $260,000 | $230,000 |
| # of Sales | 88 | 163 | 105 |
| Days on Market | 193 | 158 | 166 |
| Inventory | 1671 | 1684 | 1440 |
| Absorption rate | 18.98 | 10.33 | 13.71 |
| Purchase offer | 125 | 197 | 174 |
Dutchess home price for single family detached homes over 10 years
Dutchess County NY January 2013 report for condominiums and townhouses
In January both average and median home price fell. The median was actually the lowest recorded in 10 years. At the same time sales increased 36.4 percent going from 11 units in January 2012 to 15 this year.
Single Family attached homes January 2013
| JAN 12 | | DEC 12 | | JAN 13 | |
| Avg.Price | $199,914 | $199,307 | $179,507 |
| Median Price | $158,000 | $182,075 | $150,000 |
| # of Sales | 11 | 24 | 15 |
| Days on Market | 141 | 122 | 117 |
| Inventory | 369 | 340 | 309 |
| Absorption rate | 33.54 | 14.16 | 20.6 |
| Purchase offer | 17 | 36 | 39 |
Find Dutchess County Condominiums and townhouses
Dutchess home price for single family attached homes over 10 years
Data for report obtained from the Mid Hudson Multiple Listing Services.
Originally posted at: Dutchess County home sale increased in January 2013
Copyright © By Jennifer Fivelsdal of JFIVE Homes Realty LLC, all rights reserved-Dutchess County home sale increased in January 2013
Looking to Buy or sell a home? I would welcome the opportunity to assist you.
162 Deer Run Road, Red Hook NY 12571| 845-758-6842| Cell 845-594-9947
Jennifer Fivelsdal | Real Estate Broker | jennifer@jfivehomes.com www.jfivehomes.com or www.midhudsonhomevalue.com
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