How competitive is the Albany housing market?

Question

Primpted Housing Analyst · Accepted Answer

Albany is moderately competitive as of August 2026, with a Sold Score of 42/100 (Fair Chance of Selling).

**Pending ratio** is 0.37 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.

**Inventory change YoY** is +16.0% — more choices for buyers than a year ago.

**Median days on market** is 58. Faster than 30 days means buyers are deciding quickly.

**Price-reduction share** is 55.2% of active listings — above 25% signals sellers are widely overshooting list price.

— Live indicators (August 2026): Sold Score: 42/100 (Fair Chance of Selling) · Pending ratio: 0.37 · Inventory YoY: +16.0% · Median days on market: 58 · Sellers cutting price: 55.2% · Median listing price: $447,950 (-5.3% YoY)

Primpted Housing Analyst · Answer

{
  "answer": "The Albany housing market is not very competitive right now. Homes are staying on the market longer, and more sellers are lowering their prices. This suggests a less urgent pace for buyers."
},
{
  "answer": "The median listing price in Albany is $447,950, which is a bit lower than last month and down 5.3% from over the past year. Even the average listing price, at $579,262, has seen only a small increase of 3.4% year-over-year, suggesting prices are not rapidly climbing."
},
{
  "answer": "Homes are also taking more time to sell. The median time a home stays on the market is 58 days, which is up by 7.4% compared to the past year. This gives buyers more breathing room to make decisions."
},
{
  "answer": "There are more homes available for sale. Active listings have grown by 16.0% over the past year, reaching 413 homes. New listings are also up by 15.2%, adding even more choices for potential buyers."
},
{
  "answer": "A significant number of sellers, 32.3%, have reduced their asking prices. This figure is 9.1% higher than last year, showing that sellers are often needing to adjust expectations to find a buyer."
},
{
  "answer": "If you\

How competitive is the Albany housing market?

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