Preliminary single family home sale numbers for Albany County show the following:
There were 2448 closed single family home sales in 2014 compared to 2415 in 2013. The average selling price increased from $237,000 in 2013 to $242,700 in 2014. The median selling price was also up from $205,000 in 2013 to $211,000 in 2014. The average days on market increased slightly from 67 days in 2013 to 71 days in 2014. The average percentage of asking price realized remained the same at 98%.
All told 55.5% of the listings that went on the market in 2014 sold and closed and 28.5% expired.
Home mortgage remain low in the low to mid 4% range for 30 year fixed rate mortgages for borrowers with the best credit ratings.