HOW'S THE MARKET IN THE CAPITAL REGION OF NEW YORK?

HOW'S THE MARKET IN THE CAPITAL REGION OF NEW YORK?

One question Realtors are asked frequently is "How's the market"?  Here is a snap shot which considers the third quarter of 2008, wrought with the meltdown of the financial markets, compared with the same period in 2009. 

The statistics bear out that the number of pending units have increased substantially!  Overall an increase of the four county area of 8.25%.  Albany County led the region with an increase of 12.23% in pending units.  The good news to pass along is that there is robust activity and buyers are no longer on the sidelines.  That's good news for people who are considering selling.  The good news for buyers is interest rates remain at near historic lows! 

Ed Wilson

Ed Wilson

Licensed Associate Real Estate Broker
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