Capital Region Real Estate Market Trends

  7/22/2024 Young Jin’s Monday Market update for Albany, NY June 2024: (Market stats provided by Curtesy of Realtors Property Resource, LLC) Wondering how the real estate market did in June 2024? Here’s the latest June 2024 market stats on Albany NY! Real estate market is a local event and it’s a very complicated event to say the least! It all depends on what is going on in the region in terms of the job market and demographics etc.… Here’s a quick market snapshot on Albany NY! The absorption rate came in at 0.95, which indicates that it takes less than 4 weeks to sell all homes on the market! A normal balanced market would be at 5 to 6 months. List to sold price ratio came in at almost 106% which indicates that most homes sold almost 6% above the list price!   Median days came in at 7 days, which indicates most homes went under contract in a week! Median sold price decreased to $307,600, a decrease of 0.77% month over month. In summary, once again the real estate market s...

  7/15/2024 Young Jin’s Monday Market update for Clifton Park, NY June 2024: (Market stats provided by Curtesy of Realtors Property Resource, LLC) Wondering how the real estate market did in June 2024? Here’s the latest June 2024 market stats on Clifton Park NY! Real estate market is a local event and it’s a very complicated event to say the least! It all depends on what is going on in the region in terms of the job market and demographics etc.… Here’s a quick market snapshot on Clifton Park NY! The absorption rate came in at 1.67, which indicates that it takes just over 7 weeks to sell all homes on the market! A normal balanced market would be at 5 to 6 months. List to sold price ratio came in at almost 106% which indicates that most homes sold almost 6% above the list price!   Median days decreased to 5 days, a decrease of 16.67% month over month! Median sold price rose to $505,000, a decrease of 0.98% month over month. In summary, once again the real estate market stats...

 7/8/2024 Y oung Jin’s Monday Market update for Slingerlands, NY June 2024: (Market stats provided by Curtesy of Realtors Property Resource, LLC) Wondering how the real estate market did in June 2024? Here’s the latest June 2024 market stats on Slingerlands NY! Real estate market is a local event and it’s a very complicated event to say the least! It all depends on what is going on in the region in terms of the job market and demographics etc.… Here’s a quick market snapshot on SlingerlandsNY! The absorption rate came in at 2.37, which indicates that it takes just over just over 10 weeks to sell all homes on the market! A normal balanced market would be at 5 to 6 months. List to sold price ratio came in at 106% which indicates that most homes sold 6% above the list price!   Median days decreased to 5 days, a decrease of 66.67% month over month! Median sold price decreased to $475,000, a decrease of 27.48% month over month. In summary, once again the real estate market stat...

7/1/2024 Young Jin’s Monday Market update for Albany, NY May 2024: (Market stats provided by Curtesy of Realtors Property Resource, LLC) Wondering how the real estate market did in May 2024? Here’s the latest May 2024 market stats on Albany NY! Real estate market is a local event and it’s a very complicated event to say the least! It all depends on what is going on in the region in terms of the job market and demographics etc.… Here’s a quick market snapshot on Albany NY! The absorption rate came in at 1.03, which indicates that it takes just over 4 weeks to sell all homes on the market! A normal balanced market would be at 5 to 6 months. List to sold price ratio came in at 103.7% which indicates that most homes sold almost 4% above the list price!   Median days rose to 7days, an increase of 16.67% month over month! Median sold price increased to $310,000, an increase of 12.73% month over month. In summary, once again the real estate market stats show that we are in a very stro...

  6/24/2024 Young Jin’s Monday Market update for Clifton Park, NY May 2024: (Market stats provided by Curtesy of Realtors Property Resource, LLC) Wondering how the real estate market did in May 2024? May 2024 reports have arrived! Here’s the latest May 2024 market stats on Clifton Park NY! Real estate market is a local event and it’s a very complicated event to say the least! It all depends on what is going on in the region in terms of the job market and demographics etc.… Here’s a quick market snapshot on Clifton Park NY! The absorption rate came in at 1.57, which indicates that it takes less than 7 weeks to sell all homes on the market! A normal balanced market would be at 5 to 6 months. List to sold price ratio came in at 106. 2%, which indicates that most homes sold over 6% above the list price!   Median days fell to 6 days, a decrease of almost 15% month over month! Median sold price increased to $507,000, an increase of 9.8% month over month. In summary, once again t...

  6/17/2024 Young Jin’s Monday Market update for Colonie, NY May 2024: (Market stats provided by Curtesy of Realtors Property Resource, LLC) Wondering how the real estate market did in May 2024? May 2024 reports have arrived! Here’s the latest May 2024 market stats on Colonie NY! Real estate market is a local event and it’s a very complicated event to say the least! It all depends on what is going on in the region in terms of the job market and demographics etc.… Here’s a quick market snapshot on Colonie NY! The absorption rate came in at 1.75, which indicates that it takes less than 8 weeks to sell all homes on the market! A normal balanced market would be at 5 to 6 months. List to sold price ratio came in at 98.2%, which indicates that most homes sold slightly the list price. Median days fell to 3 days, a decrease of almost 92.31% month over month! Median sold price increased to $352,500, an increase of 54.95% month over month. In summary, once again the real estate market st...