Home sales slip in Dutchess County NY in May 2022
Dutchess County NY home sales May 2022
Market analysis of Dutchess County NY home sales May 2022 of single-family detached homes fell 16.2 percent, going from 198 in May 2021 to 166 this May. The homes sold during the month ranged in price from $55,000 to $5,600,000, built between 1790 and 2021 with square feet from 636 to 6,222
There were fifteen transactions over a million dollars, with prices ranging from $1,050,000 to $5,600,000.
Average and Median Prices for Detached Homes in May 2022
This May the average sale price of $605,962 rose 33,4 percent when compared to $454,094 at the same time last year.
A median sale price of $441,750 this May was up 12.9 percent over the same time last year when the median was $391,250.
Inventory and Purchase Offers in May 2022
Home inventory was down 19.2 this May to 505, compared to the same time last year when it was 625, It was noted that the May 2022 inventory was 123 more than that of April 2022 which is an indication of a bump in the available homes.
Purchase offers decreased by 34.5 percent going from 290 in May
2021 to 190 this May.
The absorption rate (the time it would take to work off the present inventory) was 3.04 months this May compared to 3.16 months last May.
Days on Market during May 2022
Homes sold were on the market 80 days this May which was 4.8 percent fewer days when compared to 84 days in May 2021.
| Data | May 2021 | April 2022 | May 2022 |
| Average Sale Price | $ 454,094 | $501,970 | $ 605,962 |
| Median Sale Price | $ 391,250 | $415,000 | $ 441,750 |
| # of Sales | 198 | 137 | 166 |
| Days on Market | 84 | 75 | 80 |
| Inventory | 625 | 382 | 505 |
| Purchase Offer | 290 | 215 | 190 |
| Absorption rate | 3.16 | 2.78 | 3.04 |
Dutchess County NY home sales May 2022 for Attached homes
Dutchess County NY home sales in May 2022 for attached homes (Coops, Condos, and townhouses) fell 19.6 percent when compared to May 2021. At that time there were 51 sales versus 41 this May. The units sold ranged from $55,000 to $799,500
These were 1-to-4-bedroom units built between 1963 and 2018 with square feet from 636 to 3,126.
Median and average prices of attached homes
The attached home’s average sale price of $284,815 fell 1.6 percent when compared to $289,329 recorded for the same time last year.
A median sale price of $271,750 rose 9.1 percent when compared to a median price of $260,000 at the same time last year.
Attached Homes Inventory and Purchase offer for May 2022
Inventory at 76 fell 48.3 percent this May when compared to 147 for the same time last year.
Purchase offers at 42 this May were down 26.3 percent when compared to 57 purchase offers for the same time last year.
The absorption rate at 1.55 months was down from 2.88 months in May 2021 ( The time it would take to work off the present inventory).
Days on market in May 2022 for attached homes
Days on market at 42 fell 41.7 percent when compared to 72 days last May.
Comparison of Dutchess County home sales of attached homes from May 2021 to 2022
| Data | May 2021 | April 2022 | May 2022 |
| Average Sale Price | $289,329 | $295,591 | $284,815 |
| Median Sale Price | $260,000 | $218,500 | $271,750 |
| # of Sales | 51 | 36 | 41 |
| Days on Market | 72 | 61 | 42 |
| Inventory | 147 | 52 | 76 |
| Purchase Offer | 57 | 44 | 42 |
| Absorption Rate | 2.88 | 1.44 | 1.85 |
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