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CAPITAL REGION, N.Y. — Strong buyer demand continues among the Capital Region real estate market, according to the latest report from the Greater Capital Association of Realtors. ....
Residential real estate market shows no signs of slowing FacebookTwitterEmail Laura Burns, CEO, Greater Capital Association of Realtors (Provided) Housing inventory in the region is at a record low at 2.2 months, but there was still a 9% increase in closed sales in January compared to the same month in 2020. “As long as interest rates continue to remain low and inventory scarce, there will most likely be multiple buyers for appropriately priced homes. Realtors will to continue navigate sellers through multiple offers with, ultimately, one contract being made while disappointing several others,” said Jeffrey Decatur of Re/Max Capital and the 2021 president of the Greater Capital Association of Realtors (GCAR). ....
Higher prices, new listings bring 2020 to a close FacebookTwitterEmail FILE - In this April 1, 2020 photo, a For Sale sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. U.S. home sales rose a record-breaking 24.7% in July, extending last monthas rebound after the coronavirus pandemic all but froze the housing market this spring, the National Association of Realtors said Friday, Aug. 21, 2020. (AP Photo/Elaine Thompson, File)Elaine Thompson The residential real estate market stayed active all the way to the end of December. According to data recently provided by the Greater Capital Association of Realtors, homes spent an average of just 46 days on the market; the median sales price dipped slightly to $240,000 from last month s $240,580 and nearly 1,500 houses went under contract. ....
Capital Region housing sales, prices jump 7% in 2020 despite COVID | The Daily Gazette SECTIONS Shares0 CAPITAL REGION Home sales in the Capital Region ended the year of COVID with a boom, the local trade group for Realtors reported. Across the region, 7% more single-family housing units were sold in 2020 than in 2019, despite the limitations on transactions created by pandemic restrictions last spring. And the median price paid was 7% higher in 2020 than in 2019, despite the economic shutdown that suspended or ended so many New Yorkers’ jobs. Single-month statistics which can be distorted by one-time events showed an even greater jump year over year. In December 2020, there were 36% more closed sales than in December 2019, and the median price was 10% higher. ....
Report: Real estate sales market remains active in Capital Region 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.