Monthly market wrap MONTHLY MARKET WRAP Albany All home types · May 2026 The Albany market tilted hotter in May: most key signals moved the seller's way. Median sale price $1.76M ▲ +36.8% vs Apr Time to pending 16d ▲ 3 days slower vs Apr Sold over asking 86% ▲ +11 pts vs Apr Active listings 30 +0.0% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Albany All home types · May 2026 Bidding wars are the norm in Albany: 86% of homes sold over asking. 128.4% average sale price vs. asking price Sold over asking 86% vs. a year ago +36 pts 121.0% 112.8% 104.6% Sold at asking price 128.4% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Albany All home types · May 2026 Albany homes are closing +28.4% above asking. The list price is the floor, not the ceiling. +$967K median sale price minus asking price Median asking price $798K Median sale price $1.76M $1.56M $1.19M $816K Sold Asking Jun 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Albany All home types · May 2026 Albany home values are climbing, up +52.8% in a year. $1.76M median sale price Year over year +52.8% Homes sold last month 7 $1.32M $1.11M $902K $1.76M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Albany All home types · May 2026 The typical Albany home goes pending in 16 days, 4 days faster than last year. 16 days median time to pending Gone within two weeks 24% vs. a year ago 4 days faster 76d 51d 25d 16d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Albany All home types · May 2026 Albany inventory is up 30.4% year over year, so sellers have more competition. 30 active listings Year over year +30.4% Months of supply 4.3 26 19 12 30 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Albany? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Albany All home types · May 2026 1 in 4 Albany listings cut its asking price last month, down 8 pts from a year ago. 27% of active listings cut their asking price vs. a year ago -8 pts Active listings 30 31% 24% 16% 27% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Albany All home types · May 2026 Only 24% of Albany homes went pending within two weeks. Most listings are taking their time. 24% of listings went pending within two weeks Median time to pending 16 days vs. a year ago -32 pts 51% 34% 17% Half of listings 24% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Albany All home types · May 2026 January is historically Albany's calmest month for buyers: 9.6 pts less over-asking than April. January historically the calmest month for buyers Buyer's edge vs April -9.6 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -5.7 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Albany All home types · May 2026 A Albany home bought in 2016 has gained +131% in value since. +131% median sale price growth since 2016 Median price in 2016 $765K Average gain per year +8.7% $1.17M $1.01M $855K $1.76M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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