2012 Home Sales Will Be Strongest In Past 5 Years

The National Association of Realtors and the Capital Region Multiple Listing Service

is predicting existing home sales will increase 7 to 10% in 2012 the highest level in five years. The pending sales data for real estate in Albany New York provides a glimpse into more recent trends, because it tracks homes that are currently under contract, which will in most cases be finalized within one to 2 months.

In addition, real estate agents in Albany state that area housing sales and prices are the highest they have been since 2008. Sales of single family home in the 11-county area that includes the Capital Region are up 11% in the first quarter of 2012, according to data from the Capital Region Multiple Listing Service. The 1,445 homes sold are the most sold since 2008, when 1,614 homes were sold in the same period. Average and median sale prices are also the highest they have been since 2008. Saratoga commercial real estate and commercial real estate in Albany also saw an increase in activity including both showings and sales contracts and leases.

The Falvey Real Estate Group, Ltd is an independently owned and operated real estate brokerage company offering a full compliment of residential, commercial and development services.

Our Capital Region group of Realtors are knowledgeable, experienced residential and commercial professionals. They are recognized experts in the areas of real estate pricing, the buying and selling of residential property, the sale and lease of office and industrial space, as well as commercial land and development transactions.

The Falvey Group team of agents take the "big picture" approach to the task at hand, utilizing the latest in technology to maximize exposure and marketing for their customers and clients.

The Falvey Real Estate Group, teamed with our financial services companies, First Rate Funding and First Rate Commercial, assists customers in buying and selling real estate while simplifying access to mortgages and title insurance. We are committed to providing the highest level of professionalism, innovative products and services to our customers, clients and agents.

For more information on Falvey Real Estate Group in Albany, NY, visit www.falveygroup.com or call 452-3912.

by: Project

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