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Real Estate Market Update March 2024: Schenectady NY

Young Jin’s Market update for Schenectady NY March 2024 report:


Wondering how the real estate market is doing?  Real estate market is a local event.  It all depends on what is going on in the region in terms of job market and demographics etc.… Here’s a latest market activity report on Schenectady NY, home to the General Electric!  The absorption rate is at 1.33, which indicates that it takes 1.33 months (less than 6 weeks) to sell all homes on the market!  A normal balanced market would be 5 to 6 months.  Once again it is showing an extreme seller’s market.  Median days on the market is 14 days,  17.65 % down month over month, with median sold price up by 4.87 % month to month.  What does this mean to you?  Excellent time to a seller, for sure!  Please reach out to me if you want to know more about your options as a seller or buyer.  Thank you for reading my real estate market update post!

Wish you good luck in your real estate journey,

Young Jin Chun

Licensed Real Estate Salesperson

Sinkoff Realty Group

Email: YoungJin@SinkoffRealtyGroup.com

Website: www.SinkoffRealtyGroup.com

Cell: (518)728-6591

 

 


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