Fall in Love This Month With February's Real Estate Market Report

By
Real Estate Agent with Keller Williams Capital District Real Estate

Fall in Love This Month With February's Real Estate Market Report For Saratoga Springs

Take a Look at February's Real Estate Market Report 

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February Real Estate Market Report For Saratoga Springs

 

February is full of memorable dates.  We started out this month with the ground hog not seeing his shadow.  We are coming up on Valentines Day and later this month President's Day.  

 

Real Estate Report for February 2011

We will take a look at the real estate market for the month of January for resale single family homes.  In the Capital District pendings were up at the beginning of Janurary from December as the economy recovers steadily.  Buyers continue to enter the real estate market for February taking full advantage of listing inventory and mortgage prices.  

An exciting number for February's real estate market report is that 820 sellers have adjusted their list price to provide a incentive for buyers to make an offer.  Pendings were up in January real estate market compared to December, the stratedgy has paid off.  

 

February Real Estate Market Sold Sign

Overall the Capital District Real Estate Market for February has appreciated 3.4% 

Saratoga county real estate market saw a gain of nearly 8% for February.

Albany county real estate market saw a gain of over 10% for February.

This number is luckily to fluxuate as 2011 progresses by available of housing inventory in certain areas.  

 

Higher price homes in the real estate market that are more available in one particular month can highly effect this number.  We will keep an eye on this number throughout February.  

The National Association of Realtors has determined that 89% of all buyers start their search for homes for sale online.  If you think you are ready to sell your home catering to the internet home shopper can give you a head start to sellers who wait until spring.  

 

Fall in Love This Month With February's Real Estate Market Report 

Comments (2)

Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Looks like we are off to a good start this yea,Melissa! I've seen Several reports across the country that are up, and that's great news! Thanks, good post.

Feb 08, 2011 11:22 AM
Melissa Furman
Keller Williams Capital District Real Estate - Saratoga Springs, NY
Lic Real Estate Salesperson Luxury Homes

Thanks Clark!  

Feb 10, 2011 01:27 AM