Area housing market holding steady as summer begins | State


CAPITAL REGION, N.Y. — The area’s hot housing market is holding steady as the summer season gets underway, according to a report from the Greater Capital Association of Realtors

As the pandemic restrictions were lifted last month, the region’s housing market has shown little signs of cooling, the report said, even in the face of rising inflation.

Throughout the Capital Region, sales numbers and prices increased, according to the report. New listings were boosted by 26.5 percent in May with 1,765 hitting the market, and closed sales followed closely with an increase of 22 percent in comparison to May of 2020.

Realtors were kept busy as indicated by the reported 32,000 showings, and a 15 percent increase in pending sales.

New construction added 156 new homes to the region’s tight inventory, resulting in a 38 percent…

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