September Monthly Market Update

Dated: September 28 2020

Views: 103

Hello All! While typically we think of the housing market closing up for the year come Autumn, this year proves different  (no surprise that 2020 is breaking all the rules). The Capital Region will continue to be a competitive market through fall as we look forward to 2021. In August, monthly supply of inventory was down 34.5% while pending sales were up 22.9% year over year. Homes are selling for 98% of list price, and many continue to be multiple offer situations.

Looking forward, Jermone Powell announced on September 23rd that interest rates would stay near zero potentially till 2023. This is great news for anyone with a mortgage. For the full story click here



Latest Blog Posts

Oct 14 2020 5036 1

On this episode of #SmallBiz518 we’re at the Saratoga Candy Co. in Saratoga Springs, NY!! Karen B Totino talked with Owner, Dawn Oesch, about their amazing selection of house-made sweets and

Read More

SmallBiz518 The Costumer

On this episode of #SmallBiz518, we're at The Costumer in Schenectady!! A while back before the shutdown, Alexander Monticello met with co-owner, Bonnie Johnsen, about the awesome services

Read More

September Monthly Market Update

Hello All! While typically we think of the housing market closing up for the year come Autumn, this year proves different  (no surprise that 2020 is breaking all the rules). The Capital

Read More

SmallBiz518 The Bundle Store

On this episode of #SmallBiz518, we’re at The Bundle Store in Ballston Spa! Karen B Totino had the opportunity to speak with Owner, Amber Chaves, about her awesome store in Ballston Spa,.

Read More
Fair Housing Icon NY Fair Housing Notice