Dutchess County Market Update, Dutchess County Real Estate
Dutchess County Market Update
November 19, 2009 by Randy Rutan · Leave a Comment
Nov 09 Market Update
Sales of single family homes in Dutchess County continued to outpace those of a year ago. According to the Mid Hudson Multiple Listing Service, there were 153 closed sales in November. This was 75.9 percent more than in November 2008. The rally in sales activity is being driven by first-time homebuyers who are benefiting from the drop in home prices. Home prices are below those of a year ago as reflected in both the median sales price which was $255,000 – down 14.7 percent and the average selling price which was $294, 228 – down 13.1 percent from a year ago.
