5/20/2024
Young Jin’s Monday Market update for Clifton
Park, NY April 2024:
(Market stats provided by Curtesy of
Realtors Property Resource, LLC)
Wondering how the real estate market is doing in the spring
of 2024? Here’s the latest April 2024
report 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 was 1.43, which indicates that it takes less than 7
weeks to sell all single family homes on the market! A normal balanced market would be 5 to 6
months. List to sold price ratio came in
at 106.8%, which indicates that most homes sold more than 6% above the list
price. Median days fell to 5 days, a
decrease of almost 30% month over month.
However, median sold price fell to $482,885, a decrease of 0.95% month over month. In summary, once again the real estate market
stats show that we are in a very strong seller’s market! On average, homes sell within 5 days with more
than 6% above the asking price! What
does this mean to you? Excellent time to
be 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 so much for reading my post!
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