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Capital Region housing market lucrative for sellers, tough for buyers | The Daily Gazette
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June 6, 2021
Robert Szymczak sits outside his late father s house on Lake Hill Road in East Glenville on Wednesday, June 2, 2021. The house sold for more than asking price just three days after going on the market.
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In the words of a veteran Realtor: “COVID has made ‘home’ more important than it ever was.”
This, and the circumstances surrounding COVID, have lit a fire under the Capital Region housing market, where houses are selling much more quickly and for much more money than before the pandemic.
“Selling was kind of a crazy experience,” said Emily Paulsen, formerly of Delmar. “We actually had people driving past our house 30 minutes after it was listed.” The money in the eventual sale deal was great but the stress was high.
Prices continue to climb in residential real estate
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A For Sale sign stands in front of a home. (AP Photo/Elaine Thompson, File)Elaine Thompson
The median sale price of a home in the Capital Region reached $250,000 in April, the Greater Capital Association of Realtors reported with its monthly statement on residential real estate activity.
Data for April show 1,621 new listings for the month; 1,031 closed sales; and 1,167 listings under contract across Albany, Saratoga, Schenectady and Rensselaer counties. Coming to an inbox near you
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