Jump to the intro.
Capital Region homes median sale price
The median sale price represents the halfway point for all sales in an area -- in other words, half the homes sold more than that amount, half for less. These figures include the sales of both new and existing homes.
Note: The "Capital Region area" also includes sales from Schoharie and Montgomery counties -- but those two counties account for a small piece of the region's overall picture. (illustrated below)
Closed sales
The number of home sales that closed in 2013 -- it doesn't include sales that were pending for whatever reason. These figures include the sales of both new and existing homes. (Also: see note above about "Capital Region area.")
Closed sales by county share
To get a better sense of how each county's total number of closed sales contributes to the Capital Region's overall picture, here's a "tree map" of all the sales. It's basically like a square pie chart. The darker the green, the more the median price increased last year.
Capital Region median home price 2013-2005
That chart doesn't start at zero in order to make it easier to the see the variation from year to year. But doing that distorts things a bit. So, for the sake of the whole picture, here's the same chart from zero.
Capital Region median home sale price 2013-2005.
The Capital Region housing market approached its pre-recession level in 2013, according to data out today from the Greater Capital Association of Realtors.
The median price for homes sold in the Capital Region was $195,000 in 2013, up more than 1.5 percent compared to the year before according to GCAR's numbers. And it's the first time the median sale price has risen above the pre-recession crest of $193,000 in 2007.*
The local market also posted 9221 closed sales in 2013, up almost 12 percent from the total in 2012. GCAR says 2013's total was the highest since 2007.
Another sign of a rising tide in the housing market: The average number of days it took to sell a house was 90 in 2013, the lowest number since 2008, according to GCAR. (That figure was 98 days in 2012, and 102 in 2011.)
(* That's not accounting for inflation. Depending on how you account for inflation, the price would have had to be around $216,000 to equal the 2007 mark.)
A more detailed look at the numbers is after the jump.
Numbers are in large-format charts and graphs above -- click or scroll all the way up.
The Scoop
For a decade All Over Albany was a place for interested and interesting people in New York's Capital Region. It was kind of like having a smart, savvy friend who could help you find out what's up. AOA stopped publishing at the end of 2018.
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