BY JOHN CROPLEY, The Daily Gazette

ALBANY, N.Y. — The Capital Region single-family housing market ended 2021 with all indicators pointing toward demand far exceeding supply but a potential slowdown on the horizon.

Data compiled by the trade group for real estate professionals in the Capital Region on more than 14,000 area sales show:

• Median sale price is up for the fourth year in a row and average time on the market down for the fourth straight year.
• Percentage of asking price paid is also up four years running, and number of closed sales is up for the second year in a row.

Not surprisingly, the number of houses listed for sale on Dec. 31, 2021, was 65% lower than the same date in 2017.

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