Capital District 30 Day Market Stats
New Listings: 1168?9%
Sales Pending: 2992?13%
Homes Sold: 1136?3%
Expired Listings: 353?2%
Welcome back to school, work, fall and that time of year when everyone gets back into a regular schedule, including the housing market! As we leave summer behind and approach fall we see small but meaningful changes in the local real estate market. The changes are small at the end of the summer but they set the upcoming trend of lower inventory, lower solds and pendings and the threat of more expireds in the months ahead. This however means that it is an excellent time to be looking to buy or sell as you can get a deal or catch the buyers wanting to be in a home for the holidays!
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!