Market Insights | May 2026

*Please Note:  Each month, my analysis focuses on single-family homes in the four main Capital Region counties of NYS, excluding new construction sales.  

Market Insights | May 2026 

As expected, and seasonally typical, the Capital Region real estate market exhibited signs of thriving activity from both sellers and buyers in April, with a healthy gain in new listings and a sizable increase in pending sales.  Here is how things unfolded:

Houses listed “for sale” in April 2026 experienced a considerable increase of 28% with 713 houses for sale.   Sellers, undoubtedly, enjoyed the month of April with robust showing activity and a hearty increase in purchase offers made by prospective purchasers.

Pending sales increased by 12% in April.  This reflects a fundamental principle within the real estate market: An increase in available properties typically stimulates greater buyer activity.  April saw more homes listed for sale which, correspondingly, attracted additional buyers.  The main point is, higher inventory levels precede growth in sales, as increased supply inherently draws prospective purchasers to the real estate market.

With the increase in buyer sales, the average amount of time a home remained on the market in April was 19 days.  In plain terms, the Capital Region real estate market remains a “seller’s market”.  When will the market become more balanced between sellers and buyers?  At present levels, there would need to be an additional 3,565 houses for sale.  Based upon current trends and my professional experience, I don’t expect this to occur in the foreseeable future.

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I'll post the June 2026 edition of Market Insights by Monday, June 15th, 2026.