Preliminary home sale numbers for single family homes in Albany County for August show 251 units sold and closed compared to 267 last month. The average sale price was up to $254,000 from $246,000 last month and the median was up to $217,000 from $213,000 last month.
Year to date numbers show 1533 single family homes sold and closed compared to 1392 this time last year. The average sales price was $239,000 this year to date compared to $230,000 last year to date. The median sales price was $205,000 so far this year compared to $200,000 last year. Average days on market fell to 66 this year compared to 75 last year and the average sale to list price ration was 97.8% this year compared to 97% last year.
30 year fixed mortgage rates for the best credit worth customers are presently in the 4.5% range.