» NY CAPITAL DISTRICT MARKET UPDATE | NOVEMBER ’22 | HOUSING MARKET CRASH?

it's quick and easy

We'll never post to social networks

Name*
First Name Last Name
Phone*
Email*
Password*
*
- I accept the Terms and Confition
Name
This field is for validation purposes and should be left unchanged.

Already an account? Log in here

Log in

Please check username or password!

No account yet? Register here

Password forgotten? Reset your password

Reset your password

The email address does not seems to be correct!

Please check your email to reset your password

No account yet? Register here

According to data from the Global MLS, the marketplace for NY Capital District residential properties, here are the latest stats:

The Number of SOLD listings decreased by 14% to 698 properties with a top sale of $2.2 million at 7 Beacon Hill Dr in Saratoga County.

The Average Sales Price dropped 4%, to $327,000 w/ a drop in Average Price Per Square Foot down to $180 per square foot.

The inventory of properties available for sale as measured in months supply increased 11% to 1.47 months worth of properties for sale.

The average 30 year fixed mortgage rate increased to 7.2% according to Bankrate.com.While sellers continue to average over their asking price, the market is showing some signs of cooling.

Last month, sellers averaged just .53% over ask. This is down nearly 1.0% from last month.