Here is great news about the latest Capital Region real estate numbers. Both Albany real estate and Saratoga real estate sales and prices are continuing the positive 4 month trend. As I’ve written about here on a monthly basis, 2012 is shaping to be a strong real estate market. I predicted this positive trend here last month, after my analysis of the pending sales numbers. Pending sales are a great leading indicator for the months to come, in projecting sales data for the Saratoga and Albany real estate markets.
The full Times Union story, Capital Region’s house prices reach a post-recession high, is here, with an excerpt below.
Within the five-county metropolitan area, sales were up 31 percent in Albany County while the median sale price climbed 3 percent to $195,000; sales jumped 43 percent in Rensselaer County while the median sale price climbed 8 percent to $186,300; sales were up 31 percent in Saratoga County while the median sale price was flat at $240,000; sales edged up 4 percent in Schenectady County while the median price rose 9 percent to $159,000; and the 18 sales in Schoharie County represented an 80 percent jump over the 10 sales last April, while the median price rose 4 percent to $83,000.