Date: 04/28/15

March 2015 Housing Sales Statistics


For immediate release 

For additional information contact: 

Laura Burns/Executive Officer

Greater Capital Association of REALTORS®

Ph: (518) 464-0191 x15

After a bitterly cold winter kept homebuyers and sellers out of the market, the warmer temperatures have brought forth a healthy and energetic selling season. The number of new listings, nationwide, caused home sales to surge to their highest level in 18 months. Locally, the number of new listings in March topped out at 1538, an increase of 8% over last March.

Even with that surge of new homes hitting the market, the overall number of homes for sale in the Capital Region remains low providing only 7.5 months of inventory. The number of homes for sale market-wide were down 13 percent to 6,093 units. As a result, sellers are receiving healthy offers from buyers who know what they want closing at 93 percent of the original list price. Pending sales increased 15 percent over March, 2014 with the median sales price landing at $182,900 – a 4% decrease over last March. Average days on market were down by 9 percent as compared to March, 2014.

Lawrence Yun, National Association of REALTORS® Chief Economist, reported that nationwide, the housing market appears to be off to an encouraging start this spring. “After a quiet start to the year, sales activity picked up greatly throughout the country in March,” he said. “The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years.”

Cathy Griffin, president of the Greater Capital Association of REALTORS® with Keller Williams Capital District, was of the same opinion when considering the local market remarking that, “Due to the extended cold weather, the selling season is warming up now as opposed to a month or so ago so. As a result, inventory levels are still a bit low, but we expect that to change quickly now that spring has finally arrived .”

The job market, as a whole, looks promising. Greater Capital Association of REALTORS® CEO, Laura Burns, remarked this is welcomed news for the real estate industry. “It is widely expected that mortgage rates will remain where they are through the second quarter of the year, coupled with the positive job market forecasts, it should be a very busy spring for the real estate market.”

The Greater Capital Association of REALTORS® is a professional trade association officially representing the real estate industry since 1920 (formerly the Albany County Association of REALTORS®) and is the local chapter for the New York State and National Associations of REALTORS®. GCAR is composed of a broad base of professionals including licensed real estate brokers and sales agents, multi-dwelling owners, appraisers, mortgage and banking professionals, title and abstract companies and other companies servicing the real estate industry. 

Date: 04/21/15

Get trained on the Find Application




How real estate pros can use the power of the FIND Application to make research more efficient, saving you time so that you can focus on making money. 

The Find Application is a serious data tool allowing MLS Members access to valuable® data via an intuitive search engine and a property-centric national database. 

Join us for our free Training Sessions: 

Wednesday, April 29 

9:30 am – 11:30 am Basic FIND Training at GCAR 

2:00 pm – 4:00 pm Basic FIND Training at the Hilton Garden Inn, Clifton Park 

Thursday, April 30 

9:30 am – 11:30 am Basic FIND Training at GCAR 

FIND Training Sessions

Date: 04/1/15

Writing Effective Courses Class

GCAR’s School: 

Real Estate Professional Institute 


A hands-on Workshop:

“Writing Effective Courses” 

Continuing Education, Seminars, Workshops…

Instructor: Roseann Farrow

Roseann has 40 years in real estate sales, training, management, and consulting. Her high energy, passion and humor will inspire you!

Turn your ideas into courses! 

Learn how to… 

 Write course objectives

 Create an outline

 Develop content

 Time the program

Date: Monday, April 20, 2015 Time: 9am-12pm 

Member Price: $50.00 

Non Member Price: $75.00 

Location: GCAR Training Room


Cancellations Policy: All cancellations must be in writing and received five days prior to the course start date to receive a re-fund. Cancellations thereafter and no-shows forfeit the entire tuition. Walk-Ins Accepted if space available for an additional $10 fee.

RSVP: Debbie Isom, Education Coordinator, 464-0191 x15 or register here.


Date: 04/1/15

Agreement to Mediate

Agreement to Mediate

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