Wednesday, May 31, 2017

Albany-area home prices increasing as inventory shrinks

Home sale prices are rising in the Albany, New York, area as a shrinking supply of new and existing homes is creating an extremely competitive market for buyers. The median price in April increased 6 percent, to $195,000, and the average price went up 2 percent, to $219,662, compared to a year ago, according to preliminary data released today by the Greater Capital Association of Realtors. The inventory of homes fell 24 percent to 4,963 units. If no other homes were listed, the inventory would…

from DIYS http://ift.tt/2smVmP1

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