📊 Dutchess County Market Update – August 2025

As summer winds down, the Dutchess County real estate market is showing signs of transition. August 2025 brought a noticeable slowdown in closed sales compared to the same time last year, but prices are holding firm—and in many cases, still edging up. Whether you're buying, selling, or simply watching the market, this month’s data highlights some key shifts worth noting.

📉 Fewer Sales, Longer Market Time

August saw 236 homes sold, an 18.34% decrease from August 2024, signaling continued pressure from tight inventory and possibly higher borrowing costs. Meanwhile, median days on market climbed to 39 days, up from 33 last August—an 18.18% increase—indicating buyers may be taking more time before making offers.

Year-to-date, the slowdown is evident:

• Sold listings YTD: 1,557 (down 7.43% from 2024)

• Average days on market YTD: 61 (up from 56)

💰 Home Prices Remain Resilient

Despite slower sales, prices are still rising:

• Median sold price: $502,500 in August, up 0.7% from last year

• Year-to-date median sold price: $470,000, a 4.44% increase

• Average sold price: $586,850 (down 8.76% from last August due to possible upper-end sales volume shifts)

The list-to-sold price ratio dipped slightly to 100.6%, reflecting a bit more negotiating room, but still signaling a strong market where most homes are selling close to asking.

🏡 New Listings & Inventory

New inventory remains tight, with 282 homes listed in August—down 6.31% year-over-year. Year-to-date listings are slightly up by 1.66%, but supply hasn’t fully caught up with buyer demand.

Months of Inventory remain historically low, which continues to support pricing power for sellers.

🧭 Key Takeaways for Buyers & Sellers

• Buyers: With fewer homes on the market and prices still climbing modestly, it’s important to be ready to act when the right property hits. Work with a local expert (👋🏼) to navigate pricing, timing, and strategy.

• Sellers: While there’s a bit more competition than last month, homes priced accurately and marketed well are still moving—and at strong prices. If you're considering listing this fall, now is a great time to prep your home.

📌 Want to see the full August market report?
Click here to view the full August Market Report here

📞 Thinking about buying or selling? Let’s talk: DebbieAllan.com