Fourth-Quarter 2018: Real Estate Market Report – Dutchess County, NY

Pricing in the Dutchess housing market soared again in the fourth quarter, with prices rising from high demand and limited inventory. Sales were down, just as in the rest of the region, with low levels of inventory holding back the market. But prices were up across the board: single‑family home prices rose over 12% on average and 6% at the median for the quarter, finishing the 2018 year up almost 10% on average and over 9% at the median. And we saw the same results in the condo market, with the full‑year prices rising 7% on average and almost 5% at the median. Going forward, we expect that sellers will eventually be attracted into this rising market, which might drive sales up in the winter and spring markets.

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Posted on January 22, 2019 at 10:29 am
Vincent Abbatecola | Category: Quarter Market Report, Rand Country Blog | Tagged , , , , , ,

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