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The "official" stats came out for August and I can pretty much verify what they showed... slow...

Inventory of homes in the area is up and buyers do not seem to be "chaffing at the bit" to go get them. Why??? With interest rates so low you would think that those so inclined to get settled before the holidays would be hopping on the band wagon...Nope, not seeing it.

Yes- homes are still selling as they always will. I personally think the tax credit, although it helped me alot with business, simply borrowed buyers from the later seasons of the year and simply had them buy earlier.

Now, we are left with somewhat of a vacuum and those entering the market are not as fast and furious as the number that bought. Add to that the unknowingness of the employment market ( state layoffs??) and I can see why people may be waiting a bit to make a decision.

But.. we have the right recipe for those motivated buyers: Lots of inventory, low interest rates and very fair prices. So, this has been THE YEAR TO BUY!

Take a look at the Capital District Skinny. Its on my home page in the market reports section under my photo. Stay connected!