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The Schenectady County real estate market saw listings decrease by 185 homes compared to 2016. Home sales were also down, even if by just 17 homes versus 2016.

Schenectady County proved to be sluggish in 2017, with an average sale price increase of just $3,425, which is a mere 2.5%, and the lowest in our region.

Days on market were 12 days faster when selling here in 2017. Differential increased by 168 points, mostly due to a decrease in listings.

Schenectady County the smallest of the four main counties in our region only boasts 5 notable School District markets in our index, with Niskayuna and Mohonasen being tops in Schenectady County.

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The Niskayuna School District real estate market proved to be one of the thorns in the side of Schenectady County’s lackluster performance. A decrease in 57 homes put on the market, compared a decrease in 22 sales.

Average sale price hardly moving with a modest increase of $5,906 versus 2016. on Days on market was two days slowerin 2017, and differential increased by 35 points.

High taxes seems to be the issue for Niskayuna, and Schenectady Countys trend of not keeping up with the rest of the market.

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The Mohonasen school district saw a decrease in homes available on the market by 40 homes, and a modest increase in homes sales of just nine homes.

The average sale price increased up over $13,000 compared to 2016, and days on the market for Mohonasen School District sellers proved to be one of the leaders  in the region, with home sales happening 28 days faster than they did in 2016. Differential also increased by 50 points.

Mohonasen proving to be a affordable and somewhat healthy real estate market, with average sale prices at $160,061 for 2017, well below the Capital District average.

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*Statistics are Courtesy of the Eastern NY Multiple Listing Service from 1/1/2016 to 12/31/2017.

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