Hudson Valley Musing

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Dutchess County home sale increased in January 2013

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 house

Dutchess County single family detached home inventory

This button will take you to the variety of homes available in Dutchess County.

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 home price for January 2013

 

  Data for home price in January 2004-2013

 

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 County

Dutchess home price for single family attached homes over 10 years

Graph for January 2013    

 

      Data for townhouse and condos in January 2013  

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. 

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  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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