Market Insights | October 2026

*Please Note:  Each month, I analyze single-family home sales in New York State’s four main Capital Region counties, excluding new construction.

Market Insights | October 2026 

Through the first nine months of the year, the Capital Region real estate market remains stable, with one caveat noted below.  Here are the latest real estate market trends from September:

The number of homes listed for sale increased by 9% in September 2026.  This increase often occurs in the month of September.  By chance, this is nearly identical to September 2025, just one year ago.

Pending sales declined 8% in September.  This also closely mirrored last September.  A single-digit decline is normal during the month.  Families with school-age children and other buyers who are upsizing or downsizing hope to settle into a new home before the holidays and often complete their moves earlier in the year.

Price reductions rose 10% in September.  This increase is directly related to the decline in pending sales noted above.  When fewer showings produce no offers, sellers can use their most powerful marketing tool —lowering the list price — to encourage prospective buyers to make an offer.

The caveat I mentioned above is related to the steady advance in mortgage interest rates, which have reached 7.5% at many lenders.  Higher rates may also be contributing to the decline in pending sales.  I’ll continue to monitor this trend and interpret accordingly.

The bar graph in the graphic slider illustrates the sale prices by County, year to date compared with 2025.
  

Until next month...

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I'll post the November 2026 edition of Market Insights by Monday, November 16th, 2026.