Sunday, September 25, 2016

Albany Real Estate Market - Slowing Down?!

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As of September 25,  there are eight active listings in Albany.  It is very little but not so bad in Albany.

Among eight listings, three had price reduction.   Six were listed over 30 days ago.  This suggests me that more listings need a price adjustment.



Take a look at graph below. Both average and median price sold were lower than those of asking. In addition, average days on market are becoming really long: 22 days for sold properties, and 36 for currently pending properties.

This suggests the market be slowing down. But it may be simply the results of not having enough high-end, move-in ready listings.


EBRD Graph

EBRD Graph

EBRD Graph

If you have any real estate questions, please call/text me anytime at 510-409-3472.


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