Direct Access To All Multiple Listings Like Realtors®

(Prices and inventory current as of Nov 30, 1999)

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Share with you friends (icon)Share your favorite listings with friends and family

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Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of Nov 30, 1999)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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NY CAPITAL DISTRICT MARKET UPDATE | FEBRUARY 2024:

NY CAPITAL DISTRICT MARKET UPDATE | FEBRUARY 2024:

  • Average sales price was up 4%.
  • Inventory of homes available for sale remained relatively flat. Active listings were down 9%, which was offset by fewer closed sales (this is due to slower activity around the holidays).
  • Volume of closed sales was down 13%, and pending sales were down 4%.
  • Interest rates increased above 7% according to Mortgage News Daily. There was some recent news from the Fed that interest rates may come down as inflation continues to decrease to the Fed’s target of 2%.
  • Inventory remains challenging, sitting at a ~1.5 months supply of homes for sale.
    • Inventory levels of a 4 – 6 months’ supply is considered balanced, so there is still a long way to go.