Capital Region housing market running strong at midpoint of 2021 | The Daily Gazette
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ALBANY High sales volume, short supply, and rising prices continue to define the Capital Region housing market at the halfway point in 2021.
The Greater Capital Association of Realtors said this week that its members are seeing properties remain on the market for much less time than in previous years.
Absent a mortgage rate hike, the intensity could be sustained through the autumn, GCAR CEO Laura Burns said.
The flip side is that many would-be first-time homebuyers are being outbid on properties, GCAR President Jeffrey Decatur said.
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Capital Region housing market lucrative for sellers, tough for buyers | The Daily Gazette
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June 6, 2021
Robert Szymczak sits outside his late father s house on Lake Hill Road in East Glenville on Wednesday, June 2, 2021. The house sold for more than asking price just three days after going on the market.
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In the words of a veteran Realtor: “COVID has made ‘home’ more important than it ever was.”
This, and the circumstances surrounding COVID, have lit a fire under the Capital Region housing market, where houses are selling much more quickly and for much more money than before the pandemic.
“Selling was kind of a crazy experience,” said Emily Paulsen, formerly of Delmar. “We actually had people driving past our house 30 minutes after it was listed.” The money in the eventual sale deal was great but the stress was high.