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

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

Sign Up

it's quick and easy

We'll never post to social networks

or

  • 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

REAL ESTATE MARKET UPDATE | NY CAPITAL DISTRICT | DECEMBER 2021

REAL ESTATE MARKET UPDATE | NY CAPITAL DISTRICT | DECEMBER 2021

According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in October 2021 versus November 2021:

The Number of SOLD listings decreased by 1% to 844 properties with a top sale of $2.1 million at 268 Broadway in Saratoga County.

While Average Sales Price increased by 3% to $304,088, the market is down roughly 4% from the September peak.

Average Price Per Square Foot price dropped by 1%, down to $171 per square foot.

The inventory of properties available for sale as measured in months supply was down 11%, ending at a 1.2 months worth of properties for sale.  4-6 months supply is considered balanced, so remains a HUGE challenge in our market.

The average 30 year fixed mortgage rate decreased slightly to 3.10% according to HSH.com.  Interest rates have consistently been hovering over 3%, and industry experts are forecasting that the rates will continue to rise through June of 2022 as a counter measure to inflation.  Increased interest rates always results in decreased sales prices so this remains to be a trend worth watching.