Sold and closed single family homes in Albany County numbered 89 in January, down from 126 the previous January. Three other market activity indicators also lost ground. The average selling price was $234,000, down from the previous January number of $239,000. The average percentage of asking price also fell from 97.8% last January to 94.8% this year. Average days on the market increased from 61 last January to 84 this January.
Pending sales (purchase contracts signed) in last month were 110 against an inventory of 1200 homes, or a 10.9 month supply.
Saturday, February 7, 2009
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