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- 2024 | 1 Posts
17
Exploring Current Housing Market Trends in the Capital Region
The housing market in the Capital Region is exhibiting some notable trends as we progress through the second half of 2024. Whether you're a potential buyer, seller, or simply curious about the local real estate landscape, understanding these forces can provide valuable insights into this dynamic market.
Low inventory
Even with historically low housing inventory the rate of price appreciation has begun to moderate compared to the peak of recent years. Buyers are still competing for homes during this period of low inventory. Homes in the area are selling quickly, often going from "listed" to "pending" in less than a week. Fast action and competitive offers are critical to getting you the home of your choice. If priced and marketed strategically, seller's listings often receive multiple offers often well over the asking price.
Mortgage Rates
C.B. Prime Properties, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.
Homestead Funding Corp. Company NMLS# 3232. Equal Housing Lender. State Licensing Information
Coldwell Banker®. All rights reserved. The Coldwell Banker System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices. Coldwell Banker Real Estate LLC, fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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