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Dutchess County Real Estate Market Report - August 2009

DUTCHESS COUNTY SINGLE FAMILY DETACHED HOMES AUG 09

Dutchess County Real Estate Market Report - Aug 09

There is much reasons to be optimistic about the Dutchess County real estate market

  • More homes sold than last year same time as well as last month. There were 26 more sales than last month.
  • Both median and Average prices were up over last month, as can be seen in the graph.

Breakdown of the numbers for single family Detached

Median Selling Price - $ 285,900 a decrease of 9.8% from August 2008

Average Selling Price - $ 336,638 a decrease of 6.6% from August 2008

Closed sales - 165 an increase of 24.1% from August 2008

Inventory at beginning of month - 2003 a decrease of 13.3% from August 2008

Days on market - 123 an increase of 7.0% over August 2008

Absorption rate for August 2009 2003/165= 12.13 months to clear inventory

Dutchess County Real Estate - Aug 09

The condo, townhouse market had a fantastic month in August; not only did the number of units closed increased over August 08 and July 09; both average and median prices increased and the number of days on market was reduced by 38 days over last year. Great news for those trying to sell a condo or townhouse in this range.

Median Selling Price - $ 230,000 an increase of 29.9% from August 2008

Average Selling Price - $ 223,514 an increase of 16.7% from August 2008

Closed sales - 43 an increase of 34.4% from August 2008

Inventory at beginning of month - 402 an increase of 3.6% over August 2008

Days on market - 104 an decrease 26.8% over August 2008

Absorption rate for August 2009 402/43= 9.34 months to clear inventory

****Source of data Mid-Hudson Multiple Listing Service In c (MHMLS)

Other 2009 Market Reports

Jennifer Fivelsdal- Associate Broker- Keller Williams Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com

I would love to assist you with your real estate needs.

SEARCH FOR HOMES IN THE HUDSON VALLEY

Posted Sunday Sep 13