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Region's August home sales drop 28%

Realtors optimistic as rates are low, prices leveling off

A home for sale is seen in the Town of Charlton, Saratoga County.
Photographer: Bruce Squiers
A home for sale is seen in the Town of Charlton, Saratoga County.
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Grim statistics continue to dog the Capital Region housing market, as year-to-date single family home sales released on Thursday continued to plummet in August. The Greater Capital Association of Realtors reported a 28 percent tumble in total sales from the figures recorded last year. Average and median sales prices in the six-county area remained stagnant at around $194,900. Laurene Curtin, the association’s president, blamed much of the decrease on the positive effect that the homebuyer’s ...

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