Happy New Year to all! Sold and closed single family homes in Albany County during December 2008 numbered 154, up 22 units from last month and down from last December's total of 176. Average selling price of the homes that sold was $233,387 and seller's were averaging 97.3% of their asking price in an average of 72 days on market.
December's pending contracts were 83 compared to 1168 homes on the market indicating a 14 month supply of homes at this rate of sale. December is traditionally a slower month and we would expect the pending contracts of sale number to pick up in January and February.
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