The local Mid-Hudson Valley housing market activity has been brisk over the past year. Buyer demand has outpaced new listings, creating fast sales, multiple offers, and low inventory, which is a situation likely to continue into 2021.
While the housing market traditionally cools with the changing of the seasons, all signs point to buyer activity remaining elevated.
Median prices of single-family homes rose significantly compared to last year. Take a look at the chart to see how prices have changed in our area year over year,
Median Sale Prices of Single Family Homes by County - Year-to-Date through Q3
| County | YTD 2020 | YTD 2019 | % Change |
| Dutchess | 320,500 | 294,000 | +9.0% |
| Ulster | 256,000 | 230,000 | +11.3% |
| Orange | 305,000 | 270,000 | +13% |
| Putnam | 370,000 | 360,000 | +2.8% |
| Westchester | 740,000 | 672,000 | +10.1% |
If you are planning to purchase a home in the Mid-Hudson Valley, be prepared to act quickly and decisively. The key is to be prepared with your home buying priorities and your loan pre-approval. You should also be working with a qualified Realtor® who is watching the market closely and adivising you through the process.
If you are thinking of selling, it's a good time to meet with a Realtor® who will help you get your home ready for the market and ensure your asking price is competitive.
If you are thinking of buying or selling a home in the Mid-Hudson Valley, contact us. Buyers and sellers have trusted us to help them achieve their real estate goals for over 30 years. We look forward to helping you achieve yours!
