Dutchess County Real Estate
During June 2012 in Dutchess County 12 more single family homes sold than in June 2011 which
was an increase of 9.8 percent. However both the median and average prices fell. On closer examination I noticed the median of $243,000 and the average of $294,005 were the lowest recorded over the last 10 years. Two thirds of the 135 homes sold, these sold for less than $300,000. At the same time it was good to see the days on market going down 12.7 percent going from 157 in June 2011 to 137 this year. The inventory also fell, but purchase offers at the beginning of the month were up by 39.2 percent.
The graphs and charts below will give you a visual picture of the trend in the median and average price in the Dutchess County NY real estate market over the last 10 years during the month of June. You will also get additional information on the market during June 2012.
Single Family Detached Homes Sales in Dutchess County in June 2012
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Month |
| June 11 |
$325,509 | $250,000 | 123 | 157 | 2168 | 17.62 | 148 |
| May 12 | $309,591 | $278,250 | 111 | 156 | 1907 | 17.18 | 189 |
|
June 12 |
$294,005 | $243,000 | 135 | 137 | 1976 | 14.63 | 206 |
In the single family attached market (Condos, townhouses and co-ops) there was an impressive increase in the number of units sold this June, a 52 percent increase, that is; 13 more units sold than in June 2011. The average price rose 7 percent over June 2011, and there was a slight drop of 3.4 percent in the median price. It was good to see the days on market falling 25.5 percent going from 161 to 120. Inventory was also down; at the same time purchase offers increased by 75 percent.
Condos And Townhouses Report For June 2012
| Year | Average Price | Median Price | # of Sales | DOM |
Inventory |
Absorption Rate | Purchase offer 1st of Mon |
|
June 11 |
$176,654 | $177,000 | 25 | 161 | 473 | 18.92 | 20 |
| May 12 | $191,108 | $176,500 | 28 | 227 | 373 | 13.32 | 37 |
|
June 12 |
$188,945 | $171,000 | 38 | 120 | 386 | 10.15 | 35 |
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.
Report deemed reliable but not guaranteed.
If you are thinking of buying real estate this would be a good time to do so, that is, if you have the right circumstances. Why? low, low interest rates and price reduction on a good portion of the inventory. Please call or email me if you need assistance finding a Dutchess County home or click the blue button to start your search immediately.
Dutchess County homes
copyright © by Jennifer Fivelsdal, all rights reserved- Dutchess County NY Real Estate Market Update For June 2012
Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com
www.jfivehomes.com or www.midhudsonhomevalue.com
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Hi Jennifer. That's good news about the days on market dropping from 157 to 137 days, and the 9.8% increase for homes sold in June was nice too. Sellers in your area should be delighted to have these stats.
Have a Great Day!
Jennifer number of sales up and days on the market down is a good start, and I am sure that the median price will start to go up before to long as well.
Very good information for anybody looking to buy or sale a home for sale in the Dutchess County NY real estate market.
Jerry every positive trend is appreciated.
George yes increase in sales is welcomed. I am sure the median and average will headup.
Morgan I hope the sale trend continues.
Good morning Jennifer -
What great news the learn the Dutchess County NY real estate market is on the upward swing! Positive news for everyone! It is my firm belief the health of the economy can be told via the real estate market.
Have a great day my friend.
Jennifer, the next time you bring your report home values may be on the increase. In most markets home values have been increasing but it all started with a lower inventory and fewer days on market. Looks like their are still bargains in Dutchess County NY.
Jennifer, you provide some good stats for buyers and sellers in Dutchess County NY. With the days on market dropping, and an increase of sales in June...everyone should be happy...buyers, sellers and real estate agents.