Home sales spring forward

Here are the February median home sales prices for the four core counties of the Capital Region, as reported by GCAR.

Both sales prices and the number of closed sales were up compared to February 2009. Prices were more or less the same compared to January 2010 -- except in Rensselaer County where they were up about 9 percent (these monthly snapshots of the market should be taken a few grains of salt because of smaller pool of data).

The "months supply of inventory" (the number of active listings available to the average monthly pending sales for the last twelve months) for the Greater Capital Region (which includes Schoharie and Washington counties) was 9.7 -- which is still pretty high when compared to five years ago (page 10).

It'll be interesting to see how things shake out as we head into the prime home buying season. We've noticed "for sale" signs popping up all over the last few weeks.

Earlier on AOA:
+ Median home prices by city for 2010
+ Our housing market is overvalued?
+ Lots of houses

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

Thank you!

When we started AOA a decade ago we had no idea what was going to happen. And it turned out better than we could have... (more)

Let's stay in touch

This all feels like the last day of camp or something. And we're going to miss you all so much. But we'd like to stay... (more)

A few things I think about this place

Working on AOA over the past decade has been a life-changing experience for me and it's shaped the way I think about so many things.... (more)

Albany tightened its rules for shoveling snowy sidewalks last winter -- so how'd that work out?

If winter ever gets its act together and drops more snow on us, there will be sidewalks to shovel. And shortly after that, Albany will... (more)

Tea with Jack McEneny

Last week we were fortunate enough to spend a few minutes with Jack McEneny -- former state Assemblyman, unofficial Albany historian, and genuinely nice guy.... (more)

Recent Comments

My three year old son absolutely loving riding the train around Huck Finn's (Hoffman's) Playland this summer.

Thank you!

...has 27 comments, most recently from Ashley

Let's stay in touch

...has 4 comments, most recently from mg

A look inside 2 Judson Street

...has 3 comments, most recently from Diane (Agans) Boyle

Everything changes: Alicia Lea

...has 2 comments, most recently from Chaz Boyark

A few things I think about this place

...has 13 comments, most recently from Katherine