How was the real estate market in Dutchess County NY in March 2012 (edit/delete)
How was the real estate market in Dutchess County NY in March 2012
In Dutchess County during March 2012 there were 8 less homes sold when compared to same time last year. However, when compared to February 2012 there were 20 more sales in March. This could have been a result of seasonal change as well as the fact the winter was mild.
The average price saw a 44.1 percent drop from same time last year going from $475,840 to $265,769 which is an indication more expensive homes sold in March 2011. Actually, there was one sale for over $18,000,000. When you take a look at the median sale price the change was 6.2 percent going from $242,450 to $227,350. So, you can conclude that the majority of Dutchess County homes are being sold in the low $200,000 range.
Single Family Detached Homes Sales in Dutchess County in March 2012
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| Mar 11 |
$475,840 | $242,450 | 112 | 146 | 1731 | 15.46 | 140 |
| Feb 12 | $286,772 | $240,000 | 84 | 181 | 1697 | 20.20 | 131 |
| Mar 12 |
$265,769 | $227,350 | 104 | 160 | 1741 | 16.74 | 141 |
In the single family attached market (condos townhouses and co-ops) 3 more units sold in March 2012 which was a 15 percent increase over last March.
The average selling price dropped 11.2 percent going from $167,813 to $149,085. Median selling price also saw a 10 percent decrease going from $150,000 -$135,000.
Condos And Townhouses Report For March 2012
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Mon |
|
Mar 11 |
$167,813 | $150,000 | 20 | 139 | 380 | 19 | 20 |
| Feb 12 | $150,664 | $152,500 | 14 | 211 | 378 | 27 | 22 |
| Mar 12 |
$149,085 | $135,000 | 23 | 169 | 393 | 14.55 | 27 |
This is certainly a great time to find a home in Dutchess County, more affordable inventory and low interest rates.
Data for report compiled from the Mid Hudson Multiple Listing Services
**** Report does not include mobile home data
**** Absorption rate computed using actual sales data, not pending sales.
Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
