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Pricing in the Dutchess housing market spiked in the second quarter, as low levels of inventory, coupled with high demand, drove prices up. Single‑family home prices rose over 10% on average and 8% at the median for the quarter, with both the average and median now up over 6% for the year. The condo market is a little more mixed, but the overall story is that Dutchess demand is still high, inventory is still low, and as a result, we’re seeing significant pressure on pricing. Going forward, we expect these trends to continue, with stabilizing sales and rising prices through a robust summer and the end of the year.
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