Capital District 30 Day Market Stats
New Listings: 610?31%
Sales Pending: 2130?12%
Homes Sold: 859?1%
Expired Listings: 891 ?36%
Happy New Year! As we close out 2015 and begin anew we see a lot of old listings expire and people closing before the end of the year. Listings dropped as usual during the holidays but with interest rates still low and a promising spring ahead of us, look for those numbers to rise in the coming months!
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!