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Millennials Suffer As Dutchess Home Sales, Prices Increase

A greater number of homes sold for higher prices in Dutchess County in July, which is bad news for millennial homebuyers.
A greater number of homes sold for higher prices in Dutchess County in July, which is bad news for millennial homebuyers. Photo Credit: Daily Voice File photo

DUTCHESS COUNTY, N.Y. – The number of homes sold in Dutchess County continued to increase over last year’s total with a greater number of single-family houses selling above the $400,000 mark, according to the Poughkeepsie Journal.

The news is generally great for baby boomers unloading their houses but poses yet another challenge for millennial homebuyers now looking at few sale options, according to the Journal.

One hundred and ninety homes were sold in July, an increase of more than 4.2 percent over July 2015, according to the Journal, which reported that the year’s total homes sales are up 22.6 percent over 2015 sales.

Across most sale prices, there was growth, with increased numbers of homes selling above $400,000 and in the $500,000 to $800,000 range, according to the Journal, which reported that bidding wars broke out over homes in the $250,000 range.

Click here to read more about Dutchess County’s housing market in the Poughkeepsie Journal .

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