CAPITAL REGION, N.Y. -- There are signs the housing market is beginning to improve in the Capital Region. The Greater Capital Association of Realtors reports home sales jumped more than 20 percent last month, compared to this time last year. They say while it still remains a buyer's market, sellers should also be optimistic.
Just about 800 homes were sold in March, with the median sales price at $190,000. The average sales price last month was up five percent from the year before.
Realtors say if you're in a position to buy you shouldn't wait much longer. Mortgage rates remain at near-record lows, but are expected to climb as housing prices appreciate.