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