Winter is upon us.  While I often think of the season as a bit slower than summer, winter 2020 is proving to be very busy.  On top of preparing for the holidays, and enjoying the opportunity to ski Whiteface, this is a busy selling season for area Realtors and their clients.
The northern Adirondacks continues to see a very active real estate market.  Here are a few statistics:

• Closed sales year to date is up 6.3% from last year
• Pending sales year to date are up a significant 25.1%
• Most significantly, prices year to date is up 24.3%

Again, a few statistics:

• The September inventory of homes for sale was down 46.2% from last year
• While listing prices have increased, the percentage of list price received by sellers is stable at 94.7%

With inventory tight, and interest rates at record lows, I expect that prices will remain stable for some time and we will likely see another increase in the spring.

There is still a demand for homes in our area for buyers looking to relocate or purchase a vacation property.  My clients tell me that now more than ever they feel the mountains are a good place to be.  I’ve spoken with brokers in other resort communities and found common themes: lots of sales, low inventory, and an increased desire to be in a mountain resort community.