Dutchess County Real Estate Market Report - October 2009

DUTCHESS COUNTY NY REAL ESTATE MARKET REPORT - OCTOBER 2009

SINGLE FAMILY DETACHED

AVG. Median # of Sales DOM Inventory

October 08 $305,897 $275,000 131 128 2249

September 09 $303,491 $270,000 136 130 2074

October 09 $298,982 $265,000 155 128 2027

In Dutchess County NY during the month of October 24 more single family detached properties closed than the same time last year.

The number of months it would take to clear the present inventory is 13.07 months(2027/155) which is an improvement over September's absorption rate of 15.25 months. The current sales dollar volume is up 15.6% over the same time last year, both positive trends.

DUTCHESS COUNTY NY CONDO/TOWNHOUSE MARKET REPORT OCTOBER 09

Single Family Attached (Condos/Townhouses)

AVG. Median # of Sales DOM Inventory

October 08 $239,516 $212,000 26 126 373

September 09 $226,373 $230,000 50 133 382

October 09 $194,708 $183,000 25 111 386

The Single Family Attached Properties (condos, Co-op, townhouses) in Dutchess County NY during October saw a 50% drop in the number of sales when compared to September. And a 3.8% decrease over same time last year.

The absorption rate on the Condo/townhouse market is 15.44 months (386/25) a big difference from last month when the absorption rate was 7.64 months. The current dollar sales volume also was less than 50% of last month and 21.8% less than same time last year.

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I enjoy living in Dutchess County; and it is a pleasure for me to help consumers with their real estate needs. If you are considering buying or selling real estate please give me a call.

Jennifer Fivelsdal- Associate Broker- Keller Williams

Realty Team - 845-758-6842- jennifer@jfivehomes.com and www.jfivehomes.com

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*****Data to compile this report was obtained from the Mid Hudson MLS System