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Young Jin’s Market update for Albany NY April 2024 report:

 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 show that we are in a very strong seller’s market! 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!

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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