Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
"Homes are selling faster, and at higher prices, than a year ago in the Albany region as tight inventory, low mortgage interest rates and the easing of last spring's coronavirus restrictions have driven strong demand in the residential real estate market.
Pending sales, a measure of contracts signed, increased 23% in August compared to a year ago in the Multiple Listing Service operated by the Greater Capital Association of Realtors, according to preliminary data released Friday.
An imbalance of supply and demand is reflected in prices, and has prompted multiple offers on the most desirable homes. Inventory levels fell 35% in August, according to GCAR President Tom McGroder of Thomas J. Real Estate.
The median sale price rose 11% to $238,500 and the average increased 19%, to $292,581."
^Given that it has 9100 square feet of living space and has a $1.59 million price tag, the person that can buy that house likely can afford those taxes(as crazy as they are).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
