Capital District 30 Day Market Stats
New Listings: 1342 ?8%
Sales Pending: 3126 ?7%
Homes Sold: 1214 ?8%
Expired Listings: 373 ?2%
As we enter the middle of the summer/year the local real estate market stabilizes and we see that reflected in almost all of the numbers. Sales, listings, pending and expireds see under a 10% change in their numbers which is a good indication of a solid market place. Both buyers and sellers are in an excellent position this year as interest rates remain low and inventory remains stable. The bottom line is that it is a terrific year to either buy OR sell some real estate!
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! This past month all the starts are up with expired listings almost even. The Capital District market is still going strong and looking to hold on throughout the summer months!