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Located less than an hour south of Albany in upstate New York, the city of Catskill has a real estate market that performs similarly to that of Albany.  Although the Catskill real estate market suffered losses as a result of the recession of 2008, recent months have shown, as indicated by realtors and real estate experts in the Albany region in New York, that the Catskill real estate activity is beginning to pick up speed after months of struggles due to a frozen credit market and declining home values.  Recently, realtors have posted positive results indicating that the end of the Catskill real estate struggles are near as a full recovery looms on the horizon.

According to the Business Review in Albany, real estate markets throughout upstate New York are beginning to show an increase in activity with substantial increases in home sales.  Although some markets are still experiencing slight declines in home sales by 1-3 percent, some counties such as Schoharie County and Montgomery County are posting astounding increases in home sales by around 50 percent in October of 2009.  However, most regions are still suffering from declining home values and decreases in median sales prices, although the declines have slowed.  The upstate New York region posted a 4 percent year over year increase in total home sales for the first time this year as 824 sales were made in October of 2009 compared to the 791 sales in October of the previous year.  However, for the region as a whole, median home sales prices declined by about 8 percent to $174,500.

The Times Union has also reported the recent uptick in home sales in the upstate New York region.  According to the Times Union, Schenectady County has had one of the most successful real estate markets showing the most improvement over the past few months.  Real estate experts have pointed out that the most successful real estate markets in the upstate New York region have been those offering the most affordable homes.  Given the current financial strains that many families in America are experiencing, many prospective home-buyers are only looking for the bargain or low-end homes.  Despite many real estate markets posting increases in home sales, many markets still suffer from declining median home prices.