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Capital Region housing market running strong at midpoint of 2021 | The Daily Gazette SECTIONS Shares0 ALBANY High sales volume, short supply, and rising prices continue to define the Capital Region housing market at the halfway point in 2021. The Greater Capital Association of Realtors said this week that its members are seeing properties remain on the market for much less time than in previous years. Absent a mortgage rate hike, the intensity could be sustained through the autumn, GCAR CEO Laura Burns said. The flip side is that many would-be first-time homebuyers are being outbid on properties, GCAR President Jeffrey Decatur said. ....
Area housing market holding steady as summer begins troyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from troyrecord.com Daily Mail and Mail on Sunday newspapers.
Analysis: Supply not meeting local demand for houses FacebookTwitterEmail A for-sale sign placed outside a Kelshawn Court home on Thursday, Sept. 3, 2020, in Colonie, N.Y. (Will Waldron/Times Union)Will Waldron/Albany Times Union The number of residential listings was up 9 percent in March over the same month in 2020, which sounds great until you remember the Capital Region was on lockdown much of last March due to the global pandemic. The real estate market is tight, with no end in sight. The supply of homes for sale hit a record low of 1.8 months (for reference, an inventory of 6 months is considered low) in March and the median sales prices jumped again, to $239,047. The environment is still great for sellers, who received 97 percent of their original list price, and sold their houses for 56 days or fewer, on average. ....
CAPITAL REGION, N.Y. â As the Capital Regionâs vaccination rate increased in February, area home sales followed suit, according to a recent report from the Greater Capital Association of Realtors. Closed sales increased 24 percent from February 2020 to 867 for the month, with the City of Albany faring particularly well, improving sales by 66 percent over last February. Sales are a mixed bag across the country, the report said, not because of a lack of demand, which is strong, but because there just aren t enough homes to go around. - Advertisement - New listings in the Capital Region fell 25 percent to 925 for the month of February. ....
February numbers show hot local real estate market timesunion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesunion.com Daily Mail and Mail on Sunday newspapers.