The Milich Team

12/15/2025

A Home with a view Cornwall on Hudson Newly listed with multiple offers in 1 day

10/09/2025

New listing 8 Rayland Rd Town of Newburgh. Raised Ranch $399,900. location Location

09/12/2025

08/08/2025

The big picture on the Hudson Valley housing market


In our previous report, we urged the Hudson Valley to pay close attention to the housing market because some of the key dynamics showed signs of change for the first time in more than five years. Our analysis of Q2 data for 2025 confirms this. For the first time since the pandemic, the Hudson Valley has seen two consecutive quarters in which the quantity of new listings and the total inventory of homes for sale both increased.

Two quarters do not make a trend, but even a brief shift in the trajectory of our housing market is noteworthy because the Hudson Valley has experienced six consecutive years of rising prices and declining stock for sale on the market. During the second quarter, new listings increased by 760 homes compared to last year, and total inventory increased by 321 homes.

The data do not tell us why our inventory numbers are shifting, but we can make educated guesses. Sales numbers are slightly down over the past three years, which could indicate that demand has cooled. The Baby Boomer generation, retiring in greater numbers across the region, could be listing more of their homes for sale. People from the NYC metro area, who moved here by the thousands during the pandemic, might be putting their homes on the market to move back - a trend our region experienced in the years after the attacks of 9/11.



Obvious shifts in inventory are met by a more mixed outlook on home prices. Dutchess, Rockland, and Ulster counties, which were powerhouses of the booming home market, saw their year-over-year prices flatten for the first time in recent memory. But the cost of homeownership in other counties continued to surge. Take Columbia County, for example; with another 10% increase this quarter, Columbia joined Sullivan as the only counties to see their median home price increase by more than double since 2019.

Q2 Median Home Price by County


The story about median home prices was mixed throughout the region.
Home prices in Dutchess, Rockland and Ulster - powerhouses of the recent housing boom - flattened for the first time in recent memory.
Columbia County joined Sullivan as the only two counties to see their median prices increase by more than double since 2019.

Q2 Inventory of Homes for Sale




The total inventory of homes for sale increased in Q1 and Q2 - the first time inventory has increased in two consecutive quarters since the pandemic.
Compared to the pre-pandemic market, there are still less than half the quantity of homes on the market.

05/15/2025

08/28/2024

Congratulations to New Homeowners The Quackenbush's Welcome to Cornwall On Hudson Call Kathy Milich and her team to Find your Dream HOME. 845-527-0830

09/13/2023

W'e're taking the 🎈 out for a spin. What's on your agenda today?

05/02/2023

Just Listed in New Windsor! 🏡

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Beautifully renovated 3rd floor co-op in Oakwood Terrace. This apartment boasts Large formal living room with private deck to enjoy the lazy days of s...! ❤️

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