Monticello Market Minute

Dated: 12/07/2018

Views: 58

The video below features Alexander Monticello checking in with our latest statistics from around the Capital Region. In a nutshell:

  1. Pending homes are up by 1%.

  2. Home sales are up by 1%.

  3. Closed sales are down.  Alex explained that he thinks that is from a lack of inventory.

  4. The open houses that we have had recently have had an above average turnout with 10-14 parties at each one.

  5. Based on the interest in the open houses. we think that it will be a busy first quarter in 2019.

  6. Alex went to a conference where Hugh Johnson Advisors talked about their prediction for 2019 and it may be possible that interest rates can rise another 1/2 to 3/4 of a point.

You can learn more about the market by watching the video below.

Blog author image

Alexander Monticello Esq.

Alexander is a New York State licensed real estate broker and New York State licensed attorney. A life long upstate New Yorker, Alexander has lived and worked in the Capital Region since 2005. He has ....

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