Thursday, August 25, 2016

Albany area homes selling faster as inventory is low

Capital Region homes are selling faster and for more than last year, but low inventory could throttle sales. Buyers snapped up homes faster this July than the same time period last year, according to a report from the Greater Capital Association of Realtors. In the region, homes stayed on the market for about 64 days, down from 73 in July 2015. However, year-to-date new listings are down 7 percent. “Year-to-date closed sales are up by 14 percent, which indicates demand," said GCAR CEO Laura…

from DIYS http://ift.tt/2bJpqQs

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