Real Estate Market Report: 2nd Quarter 2018 – Dutchess County, NY

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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Posted on July 24, 2018 at 10:30 am
Vincent Abbatecola | Category: Rand Country Blog | Tagged , , , , , ,

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