"2010" The Real Estate Market in Review
A look back onto 2010 Real Estate Market
The year of 2010 brought the Capital District's real estate market surprise, challenge and stability. It was a year of giving back and serving the community. It was a year of growth in the real estate market. The end of 2010 brought its first snow storm between Christmas and New Years. Well we were due for a snow storm and we can only look forward to spring.
2010 Real Estate Market Snapshot for January of 2011
For January 2011, lets take a look at the real estate market from January 2010 to December 2010. For Re-sale homes in the Capital District the real estate market ended much like the same way it began.
List to Sale Ratio Real Estate Market for 2010
The list to sale ratio in January of 2010 was at 95.3% while the in December of 2010 it slightly increased to 95.9%.
Average Number of Days on the Real Estate Market for 2010
Moving ahead to the average number of days a home stayed on the market number fluctuated through out 2010. In January the average number of days on the market was at 83 days. While in December it climbed up to 99 days. Is that a good or not so good number. Generally speaking for a real estate market the number is pretty fair.
Average Market Appreciation Ratio
Gains began in the beginning of the year of just over 2% during the first quarter of 2010. There was a slight dip of 1% in the third quarter. Ending the year 3.3% increase during the fourth quarter.
Always remember determining the amount of your home should be done on a local level and not through a website. A website can't read certain factors including the condition of the home. For a free real estate market analysis contact Melissa Furman Today!
What will the Real Estate Market of 2011 Hold?
Only time can tell however listed are a few things we do know. People are more confident about the economy. Mortgage interest rates remain at an all time low. There is plenty of real estate listing inventory with stable values.