At this point in the year, there is a good sense for how the housing market is likely to perform for the foreseeable future. While it remains true that sales prices are running higher and inventory options are still relatively low, buyers are beginning to find some wiggle room at price points and geographies throughout the region and in points north and south. Housing affordability remains strong in the Capital Region enabling those with a median annual household income of $69,000 to more than afford a home at the median sale price of $224,580 (assuming a 20% down payment). New listings rose only slightly (.03%) compared to 2018 further straining the inventory to a drop of 11 percent (a 5.7 month supply).