Greater Capital Association of Realtors released housing statistics for single family homes in the month of October. This includes new construction and resale. Please see below for stats & summary:
Entire Capital Region MLS Compare to
Oct., 2008
• Residential Sales of Contract (792) +9% (608)
• Residential Closed Sales (824) -4% (791)
• Median Sales Price $174,500 -8% (189,500)
Albany County
• Residential Sales of Contract (176) +7% (164)
• Residential Closed Sales (199) -1% (202)
• Median Sales Price $192,000 -2% $195,900
Rensselaer County
• Residential Sales of Contract (113) +33% (85)
• Residential Closed Sales (110) -3% (113)
• Median Sale Price $168,000 -6% $178,000
Saratoga County
• Residential Sales of Contract (210) +24% (169)
• Residential Closed Sales (196) -8% (213)
• Median Sale Price $237,300 -5% $250,000
Schenectady County
• Residential Sales of Contract (139) +35% (103)
• Residential Closed Sales (144) -21% (119)
• Median Sale Price $148,500 -8% $166,723
Schoharie County
• Residential Sales of Contract (21) +91% (11)
• Residential Closed Sales (19) -46% (13)
• Median Sale Price $130,000 +16% $112,500
Montgomery County
• Residential Sales of Contract (17) -11% (19)
• Residential Closed Sales (39) +56% (25)
• Median Sale Price $96,500 +7% $89,900
New Construction (Entire CRMLS)
• Existing Home Sales (84 ) -2% from (97)
• Average Sale Price $366,783 +5% $349,034
Overall the Capital Region experienced a 4% increase in closed sales for the month of October in comparison to the same time last year. Schenectady faired well with a 24% increase while Saratoga dropped 8%, Rensselaer 3%, and Albany County dropping a modest 1%. While the increase in closed sales varies from county to county, the contracts of sales increased for the fifth month in a row and Schenectady County leads the way with a 35% increase.
The median sale price dropped by 8% across the entire Capital Region with Schenectady County seeing a 7% decrease.
