Market Insights | March 2026

*Please Note:  As part of my statistical analysis each month, I consider only single-family homes found within the four principal Counties which make up the Capital Region of New York State, primarily due to population density.  Further, I exclude new construction home sales from the analysis.

Market Insights | March 2026 

While it has been an uncharacteristically cold winter, the weather didn’t affect the real estate market in the Capital Region with demand remaining steady and prospective purchasers hoping for more houses listed “for sale”.  Here are how things shaped up in February:

Houses listed “for sale” in February 2026 declined by 5% to 591 houses for sale.   We’re at the cusp of this category turning around as the year progresses.  

Pending sales were essentially identical to last month with 408 homes which went under contract.  This point demonstrates the strength of the real estate market.  Typically, more prospective purchasers enter the real estate market beginning this month and apex in June each year.  

A client recently asked, “Is the current state of the real estate market a “seller’s market”.  In short, because of the relatively low number of available houses for sale compared with the relatively high number of prospective purchasers currently in the market, the answer is “yes”.   

The real estate market is comprised of four stages.  The phase that typically succeeds a “seller’s market” is a “balanced market”, where there is an equal number of houses for sale relative to the number of prospective purchasers in the market.  You can scan the QR code found in the slide show for a brief explanation of “The Real Estate Market Cycle”.

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I'll post the April 2026 edition of Market Insights by Wednesay, April 15th, 2026.