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Capital District Home Sales
- 1. Selling or Buying a House Don’t Speculate! Make an informed Real Estate Decision Wayne Richard Associate Broker O. 518-459-4564 F. 518-459-1498 C. 518-209-1572 [email_address]
- 2. Market Pulse Sales Prices February YTD 2009 The average price of an existing single family home is down 8% from the same time last year. This is based on closed transactions.
- 3. Market Pulse Monthly Trend There are two key points here in this graph. First, the yellow line is “pending sales”. These are new contracts written, new deals made. It is a great measure of actual activity THIS month. You’ll note it has grown nicely in February. The actual deal closing takes 6-8 weeks and that data won’t appear in other news for that long, so you are ahead of the news curve here! Second , the red line is inventory. It has remained relatively flat for three months. If deal activity is increasing and inventory stays flat, then demand is considered up.