Dutchess County NY Real Estate Market Update For June 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/DGh

Dutchess County Real Estate

During June 2012 in Dutchess County 12 more single family homes sold than in June 2011 whichPlain 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

 Dutchuess real estate data

 Real estate graph for Dutchess County

 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

 Dutch County RE Data

 Dutchess County RE 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 home or click the blue button to start your search immediately.

Dutchess County homes

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

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Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

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!

Jul 09, 2012 06:58 AM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

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.

Jul 09, 2012 03:31 PM #2
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Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Very good information for anybody looking to buy or sale a home for sale in the Dutchess County NY real estate market.

 

Jul 09, 2012 04:48 PM #3
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

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.

 

Jul 09, 2012 10:22 PM #4
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John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

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.


Jul 10, 2012 04:35 AM #5
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Anja Kerstens
Summit Realty Group - Gilroy, CA
GRI, CDPE, CHS, ASP, Selling Silicon Valley Real Estate

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.

Jul 10, 2012 11:57 AM #6
Rainmaker
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Rebecca Gaujot, the GO TO REALTOR
Coldwell Banker Stuart & Watts Real Estate - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

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.

Jul 10, 2012 12:54 PM #7
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Jennifer Fivelsdal

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