Capital Region Real Estate Market Trends

  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...

  6/10/2024 Young Jin’s Monday Market update for Slingerlands, 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 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 Slingerlands NY! The absorption rate came in at 1.12, 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 99.3%, which indicates that most homes sold slightly below the list price. Median days fell to 15 days, a decrease of almost 60% month over month! Median sold price increased to $655,000, an increase of 3.97% month over month. In summary, once again the rea...

  6/3/2024 Young Jin’s Monday Market update for Albany, NY April 2024: (Market stats provided by Curtesy of Realtors Property Resource, LLC) Wondering how the real estate market did in the spring of 2024? It’s June already! Here’s the latest April 2024 report 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 1.02, 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 103.4%, which indicates that most homes sold more than 3% above the list price. Median days fell to 6 days, a decrease of almost 57% month over month! Median sold price increased to $275000, an increase of 7.74% month over month. In summary, once again the real estate market stats...