During the month of January 14 more single family homes were sold, when compared to last year. However the average selling price was down by 13.7 percent. The median on the other hand was up 2.7 percent. There was a slight drop in the days on market as well as in the inventory. The purchase offer at the begining of the month was down 14 percent.
Market Report For Dutchess County - Single Family Detached
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer Jan 1 |
| January 09 | $372,413 | $280,000 | 86 | 134 | 1668 | 19.39 | 110 |
| Dec. 09 | $347,997 | $265,000 | 144 | 132 | 1838 | 12.76 | 142 |
| Janauary 10 | $321,216 | $287,500 | 100 | 133 | 1607 | 16.07 | 126 |
The single family attached sector saw a 20 percent increase in the average sale price and a 22.3 percent in the median sale price.
However the number of sales was exactly half of what it was in December.
Market Report For Dutchess County - Single Family Attached
| Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer Jan 1 | |
| January 09 | $180,150 | $177,500 | 10 | 134 | 309 | 30.9 | 17 |
| Dec. 09 | $188,403 | $179,000 | 26 | 110 | 392 | 15.07 | 33 |
| Janauary 10 | $216,596 | $217,000 | 13 | 106 | 349 | 28.84 | 18 |
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Jennifer Fivelsdal- Broker- JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com
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Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
Jennifer it looks like the lower price homes are doing better in 2010 than the higher price homes. That also seems to be some what of a trend around here.
George that is true and obviously driven by first time buyers.
Hi Jennifer, I love your graphs. A great Market Report for your area. Looks like your sales are up in January, and I believe that's always good news.
Mary that is a good start to the year and we hope the positive trend continues.
Hi Jennifer. Ah, I see that you have chart-talent too! Very different from mine and just as informative.
I miss driving through Red Bank on my way to Sandy Hook. Of course I wouldn't be headed there this time of year!
Aloha & best wishes.
I suspect the drop in sales was more seasonal than anything else? Hopefully the Spring is going to bring far better sales figures.
Jennifer,
Seems that 2010 it's getting better on prices, very informative real estate market charts, keep the good work ! :)
Jennifer, Consumers will love this report and find it useful. Glad homes are selling in your area.