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Market Update: 2nd Quarter 2009

The second quarter of 2009 showed a marked increase in nearly all the categories measured over the previous quarter. The first-time homebuyer tax credit surely spurred the activity.

The number of homes listed increased to 1,133 from 804, a big jump, and the total sales followed suit increasing to 433 (38%) from 249.

The average prices dipped a bit. Average list price of those homes that sold decreased to $275,642, from $286,764, and the average sale prices did as well from $277,174 to $269,116. But, the sale-to-list price ratio improved to 97%.

Perhaps the biggest improvement was the average days on market of the homes that sold, which went from 97 down to just 83. This is indicative of the increased demand by first-time buyers.

The area searched for these statistics includes the city of Saratoga Springs, Town of Saratoga, Town of Ballston, Greenfield, Wilton, Milton, Schuylerville, Galway, Charlton, Moreau, Greenwich, and Clifton Park.

Would you like to see the stats from your town, neighborhood or street? E-mail me at mcartier@realtyusa.com and I’ll send you a customized report. Or, if you want a specific stat you think others might like to see please post a comment and I'll respond with the information.

Posted on Wednesday, July 15, 2009 at 11:06PM by Registered CommenterMelissa Cartier | Comments1 Comment

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