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Category Archives: Press Releases

Summer is Coming to a Close

Pending sales showed no change from August 2017 after 2 months of steady increases. This may be an indication that summer selling season is coming to an end. Closed sales are back on a downward trend after a slight increase in July. Even though closed sales decreased 3.3 percent from August 2017 to 1,271 for the month, we are still at nearly the same …

Capital Region Pending Sales Continue to Climb

Across the Capital Region pending sales increased 18 percent above July 2017 to 1,247 for the month. With a year over year increase of 7.5 and 4 percent respectively, 1,161 closings and 1,728 new listings, buyers and sellers were active and local REALTORS® were busy. Prices rode the wave increasing by 5 percent compared to last year at this time. The region’s median sales …

Buyers Get Serious – Sellers Get Busy

Buyers and sellers are at the height of the real estate season and the pressure on inventory continues. Sales were down compared to last year, which continues to have more to do with available inventory than buyer demand. Pending sales increased 5 percent from June 2017 to 1,285 for the month. Closed sales decreased 14 percent from June 2017 to 1,135 for the month. …

Warm Weather Creates a Hot Market

Throughout the Capital Region, home buyers are experiencing the sunshine and a competitive housing market that is projected to continue throughout the summer. The economic outlook is bright as regional unemployment remains low due to continued growth and expansion in local business communities. Buyers are watching new listings closely and making sound offers quickly. Percent of Original List Price Received at Sale rose to …

Strengthening Economy Expected to Push Home Sales and ...

The Greater Capital Association of REALTORS® leadership traveled to Washington, DC last week to attend the National Association of REALTORS® Legislative meetings and meet with New York elected representatives, Paul Tonko, John Faso, Kirsten Gillibrand and Chuck Schumer on homeownership issues and concerns. Across the nation, markets report overall that a stronger economy, wage growth, and an improving job market are expected to push …

March Stats

Capital Region Housing Starts Get Started!

PRESS RELEASE For immediate release For additional information contact: Laura Burns/Executive Officer Greater Capital Association of REALTORS® Ph: (518) 464-0191 Residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. While a majority of the country continues to experience reductions in closed sales and inventory compared to last year …

Global MLS, Inc.

PRESS RELEASE For immediate release For additional information contact: Laura Burns/Executive Officer Global Multiple Listing Service, Inc. Ph: (518) 464-0191 CORPORATE CONSOLIDATION TO BRING TOGETHER OVER 10,000 ACTIVE LISTINGS ACROSS AREA’S LOCAL MARKETS We are pleased to announce effective April 16, 2018, Eastern New York Regional Multiple Listing Service consolidated with the Southern Adirondack Multiple Listing Service to form the Global Multiple Listing Service, …

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Inventory is Low and Prices are Rising

PRESS RELEASE For immediate release For additional information contact: Laura Burns/Executive Officer Greater Capital Association of REALTORS® Ph: (518) 464-0191 The Capital Region’s real estate market continues to present a challenge to buyers seeking their first home. With rising interest rates, small to some so far, many millennials may find it difficult to make the leap from renters to homeowners. The three most prominent …

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