According to data from the Global MLS, the marketplace for NY Capital District residential properties, here is how Q3 close compared to Q2 close: The Number of SOLD listings increased by 33% to 2,461 properties with a top sale of $2.9 million at 8 Campion Lane in Saratoga County. The Average Sales Price increased 2%, […]
Interest rates are through the roof, so is now the time to make a move or should you wait for rates to fall? While everyone’s situation is different, I wanted to share some reasons why it might, or might not be, a good time to buy. It’s a good time to buy if one of these […]
According to Realtor.com, national home prices took the biggest Plunge in 6 years and turbulence in the national real estate market continues… but how are things tracking locally? After average sales prices steadily climbing to a record high of $350,000 in June, home prices have been decreasing since. From July to August, prices locally dropped ~3% to an […]
Is the market cooling? How are interest rates impacting the market, and what about the Fed actions to combat inflation? 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 increased by 11% to 778 properties with a top sale of $1.7 […]
In this video I interview Andrea Kullman, a local mortgage broker from Homestead Funding, on the implication of the Fed raising rates another 75 basis points on 7/28/22. What does this mean for mortgage rates? If you’re thinking about buying or selling, does this change anything for you? We have plans that will help your […]
What are the market trends suggesting about the trajectory of our local real estate market? With all of the news about a recession, inflation, and increasing interest rates you may be thinking that the market is cooling off… so these number might surprise you! According to Global MLS, the marketplace for NY Capital District residential […]
The selling season is in FULL SWING! According to Global MLS, the marketplace for NY Capital District residential properties, here’s how June closed compared to May close: • The Number of SOLD listings increased by 17% to 704 properties with a top sale of 1.525 million at 367 Vly Rd in Niskayuna. • Average Sales […]
Many people that I’m speaking with are under the impression that the market is cooling off. With constant news about inflation, interest rates, the stock market, Ukraine, baby formula shortages, an impending recession, etc. it’s easy to think people would be putting their move on hold. However, the data suggests the opposite is true! According […]
How are interest rates impacting the market? While it’s too early to tell the impact on prices in the medium to long term, we are seeing an increase in activity that suggests that the surge we see in the Spring and Summer months is over-coming the drag that increased interest rates are causing. According to […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s the comparison of Q4 2021 Close Vs. Q1 2022 Close: The Number of SOLD listings decreased by 30% to 1803 properties with a top sale of 3.6 million at 83 Brown Rd in Saratoga County. Average Sales Price decreased by 4% to […]
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