Closed single family house transactions in Albany County numbered 169 in September '09 vs. 181 in September '08. The average percentage of asking price received was 97.7% last month vs. 96.5% last September. Average days on market were up from 58 in September '08 to 67 in September '09.
Year to date, for the first three quarters of 2009, there were 1535 single family homes sold in and closed in Albany County compared to 1606 for the same period last year. The median selling price declined to $200,000 from $204,540 and the Sale to List price ratio declined to 96.9% from 97.2%. The average days on the market increased from 67 in '08 to 73 in '09.
October 1 single family homes for sale in Albany County were 1326. There were 186 homes that went under contract in September indicating a 7.1 month supply of single family inventory in Albany County.
30 year fixed mortage rates remain at historic lows in the 5.25 to 5.5% range.
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