There are many great Albany homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (518) 861-7016 for a FREE home buying or selling consultation to answer any of your real estate questions.
Today we want to talk to you about what's going on in the Albany real estate market. Right now, we are hearing conflicting data regarding home prices. National reports are saying that home prices are up 10%, but local reports state that home prices in Albany are down over 25%.
So what's really going on? The market is currently segmented. In areas where price points are over $300,000, we consider that a buyer's market and when price points are below $300,000, we have a seller's market, where we see much more activity.
The lending environment is still very favorable. Interest rates remain at historic lows. It's a great time to buy a home because affordability levels are much lower than they have been in the past.
It is also a great time to sell a home, as we are seeing a tremendous amount of buyer activity across the board. If you are thinking about selling your home, it's never too early to start planning.
If you have any questions regarding the Albany real estate market or real estate in general, please give us a call. We would be delighted to assist you.
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