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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Topic:
Real Estate Market Trends
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Comments 7 New Comment

Rainmaker
525,394
Morgan Evans
LICENSED REAL ESTATE SALESPERSON
Douglas Elliman Real Estate

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

 

July 09, 2012 04:48 PM
Ambassador
1,381,422
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

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.

 

July 09, 2012 10:22 PM
Ambassador
777,203
John McCormack
AlbuquerqueHomes.com
Albuquerque Homes Realty * www.AlbuquerqueHomes.com

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.


July 10, 2012 04:35 AM
Rainmaker
308,767
Anja Kerstens
GRI, CDPE, CHS, ASP, Selling Silicon Valley Real Estate
Summit Realty Group

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.

July 10, 2012 11:57 AM
Rainmaker
1,320,269
Rebecca Gaujot, Realtor®
Lewisburg WV Real Estate, Greenbrier County
Coldwell Banker Stuart & Watts Real Estate

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.

July 10, 2012 12:54 PM
Ambassador
1,381,422

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

In Dutchess Columbia and Ulster Counties
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