Sarah and Mike faced the challenge of managing two children in different school districts. They decided in 2024 to find a home in Albany for both children to attend school together. After interviewing multiple agents, they selected Rachel Melby and obtained a home equity line of credit to assist with their purchase. Their search for a new home in Albany lasted five months amid a highly competitive market, with homes selling for significant premiums over asking prices, leading to feelings of discouragement as they considered staying put or downsizing.
The couple's search for a new home in Albany lasted five discouraging months amid a competitive housing market, with homes selling for an average of 35% over asking price.
With 27 homes sold in Albany by late May, the median sales price remained around $1.34 million, showing no signs of slowing as competition continues.
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