DUTCHESS COUNTY NY REAL ESTATE MARKET REPORT - NOVEMBER 2009
SINGLE FAMILY DETACHED
AVG. Median # of Sales DOM Inventory
November 08 $338,422 $299,000 87 139 2197
October 09 $298,982 $265,000 155 128 2027
November 09 $294,228 $255,000 153 108 1927
In Dutchess County NY during the month of November there were 153 single family detached homes sold, a 75% increase over last year same time. This dramatic increase could be partly attributed to the first time buyer credit and consumer thinking it would end in November. With such and increase the sale dollar volume was up 52.9% even though the median an average prices fell.
Other good news; the inventory level dropped by 12.3% so did the days on market, down 22.3%
I was please with the trend of the absorption rate(time it takes to work off present inventory) as seen in the graph below.
Nov -08 Oct -09 Nov-09
Absorption Rate : 25.25 13.08 11.14
DUTCHESS COUNTY NY CONDO/TOWNHOUSE MARKET REPORT NOVEMBER 09
Single Family Attached (Condos/Townhouses)
AVG. Median # of Sales DOM Inventory
November 08 $200,223 $150,000 25 150 372
October 09 $194,708 $183,000 25 111 386
November 09 $179,037 $172,000 27 109 386
The Single Family Attached Properties (condos, Co-op, townhouses) in Dutchess County NY during November did not have such dramatic changes as in the single family detached category.
There were 27 units sold versus 25 same time last year. The median price was up 14.7% over last year however less than last month. Days on market down 27.3% but inventory was up slightly over last year although same as last month.
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The Dutchess County real estate market report keeps you informed of trends in the local real estate market.
Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com
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*****Data to compile this report was obtained from the Mid Hudson MLS System
Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
