Capital District 30 Day Market Stats
New Listings: 1048 ? 11%
Sales Pending: 1759 ? 15%
Homes Sold: 652 ? 16%
Expired Listings: 855 ? 21%
The latest market stats are a great indicator of what is to come and where the local market is headed. When new listings are on the rise it typically means that the market is headed in a positive direction and buyers will soon be on the hunt for their new home!
The media agrees that 2015 is going to be the best year in real estate in almost 10 years! Interest rates are the lowest they have ever been with a potential of grabbing a mortgage at a sweet 2.75%! This means that buyers will be out in full force in the upcoming months looking for their new home. Inventory is also on the low side due to an active 2014, making it the perfect storm for buying and selling! If you or someone you know is even thinking about buying OR selling please get in touch with me so we can talk about what this year is going to have to offer you!