Preliminary single family home sale numbers in Albany County indicate 145 homes sold and closed in April compared to 153 in March, at an average sale price of $225,800 and a median price of $195,700. Average days on market were 73 and average sale to list price ratio was 97.3%.
Year to date figures show 560 sold homes vs. 548 this time last year. The average sale price during this period is up to $223,000 from $214,000 and the median is up to $195,000 from $187,700. Average days on market has improved from 87 to 79 and the sale to list ratio has stayed virtually the same at 96.9%.
With an active for sale inventory of 1317 homes on May 1, and 220 pending contracts written in April, there is a 6 month supply of inventory which indicates a balanced market..
Home mortgage rates continue at historic lows in the 3.75 to 4.0% range for strong credit rated purchasers for 30 year fixed rate mortgages.