As reported in the The Business Review (Albany): "Sales of new and existing single-family homes fell 2 percent in January in the Albany, N.Y., region, according to preliminary figures released today. A total of 386 homes and condominiums sold during the month, compared to 393 in January 2009, according to the Greater Capital Association of Realtors. The median sale price was nearly the same as a year earlier, $172,300. The median is the point at which half of the sales were greater and half were less. The average price fell 6 percent, to $201,386."
According to the Greater Capital Association of Realtors (GCAR), more expensive homes are moving slower, primarily bacause of the impact of the First Time Homeowner Tax Credit.
Does this really mean much? I suppose if you have a higher end home you might want to wait a while to sell. On the other hand, if you are looking to buy, this might be the time when you can get more house for your money.
Of course, all of this is only relevant if you are buying or selling on the "I wanna" basis, as opposed to the "I really have to..." basis.
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