BALLSTON LAKE, N.Y. (NEWS10) —The real estate market has been hot since the pandemic began—low inventory and high prices. However, some new trends could mean the market is cooling off.
Since the pandemic began, the Capital Region has had fewer houses on the market.
“We’ve been seeing low inventory,” Lisa Wallock, Associate Broker for RE/MAX Platinum, said. “We’ve been seeing multiple offers. We’ve been seeing escalation clauses. The numbers have been crazy.”
According to RE/MAX’s August 2021 Housing Report, New York State’s month’s supply of inventory is down 23.4% this August compared to August 2020.
Beth Kayser, CPA, said she plans to put her house on Hunter Hill Road in Ballston Lake up for sale in…