Dutchess County NY Real Estate Market Update For May 2012

By
Real Estate Broker Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242
http://actvra.in/DtV

Dutchess County NY Real Estate Market

During May 2012, 111 single family detached homes sold in Dutchess County NY Real Estate raspberriesMarket which was 13 more than same time last year. No change in the median price, however the average sale price fell 18.8 percent going from $337,452 last May to $309,591. Days on market fell by 3 day, and at the same time there was a 34 percent increase in the number of purchase offers, an indication of more market activity.
Speaking to some of the agents in the marketplace they are also noticing the uptick in the market.

Single Family Detached Homes Sales in Dutchess County in May 2012

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Month
May11
$337,452 $278,250  98  159  2026  20.67  141
Apr12 $344,390 $250,000  97  165  1834  18.90  158

May12

$309,591 $278,250 111  156  1907  17.18  189

 \

Dutchess County NY RE May 2012

In the single family attached market (Townhouses, Condos,Coops) 3 more homes sold this year than in May 2011. The average sale price fell by 5.3 percent, the median fell even further, going from $200,000 to $176,500 an 11.8 percent drop. Days on market increased 26.1 percent, 46 days more on the market when compared to same time last year. Inventory was down by 89 units when compared to May 2011; at the same time the purchase offers increased this year by 14.

Condos And Townhouses Report For  May 2012

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Mon

May11

$201,732 $200,000  25  180  462  18.48  23
Apr 12 $170,239 $155,000  25  193  382  15.28  26
May12
$191,108 $176,500  28  227  373  13.32  37

 Data attached homes

May Graph

 

 

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 homes

 homes4salebutton2 Amenia NY

 copyright © by Jennifer Fivelsdal, all rights reserved- Dutchess County NY Real Estate Market Update For May 2012

 

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Topic:
Real Estate Market Trends
Location:
New York Dutchess County Red Hook
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Market Reports

Comments 15 New Comment

Rainmaker
1,374,810
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Long Island Condo & Home Sale Specialists
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

Jennifer, Looks like Duchess County is doing well and your market report has lots of information for buyers and sellers to learn from!

July 04, 2012 05:56 AM
Rainmaker
1,281,011
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

Jennifer, you have shown you are the market expert for Duchess County and lots of information for those buyers and sellers!

July 04, 2012 08:54 AM
Rainmaker
1,382,498
Laura Cerrano
Authentic Feng Shui Expert
Feng Shui Manhattan Long Island

I only see it getting better. :) Happy 4th!

July 04, 2012 05:27 PM
Ambassador
1,384,285
Jennifer Fivelsdal | Call 845-758-6842 Helping you achieve your real estate goals
In Dutchess Columbia and Ulster Counties
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571

Endre that is a Raspberry bush, lots of picking right now :)

Debbie yes June also saw an increase, report will be out shortly.

Bill yes we want to see that trend continues.

July 06, 2012 05:50 AM
Ambassador
1,384,285
Jennifer Fivelsdal | Call 845-758-6842 Helping you achieve your real estate goals
In Dutchess Columbia and Ulster Counties
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571

Karen I try to provide information consumers can use, as you well know preparing the reports   can be time consumer but well worth the time.

Bruce thank you.  I try to make the reports visually appealing and simple so that anyone can understand them.

July 06, 2012 05:54 AM
Ambassador
1,384,285

Jennifer Fivelsdal | Call 845-758-6842 Helping you achieve your real estate goals

In Dutchess Columbia and Ulster Counties
Call today for help with your real estate need.
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