Capital District 30 Day Market Stats
New Listings: 1156 ?7%
Sales Pending: 2533 ?1%
Homes Sold: 974 ?19%
Expired Listings: 602 ?31%
As Fall sets in real estate numbers tend to shift a bit reflecting the coming of the winter months. Several listings that we put up on the market in the Spring and didn't sell are now set to or have expired while others have already closed. New listings naturally drop this time of year in up state New York and this fall has been no different as we see decreasing listings, pendings and sold numbers. The good news is that buyers are still out there, homes are still selling at higher prices than they have in the past 6 years and interest rates have remained low!
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!