The Saratoga County Prosperity Partnership in December released its inaugural Saratoga County Real Estate Index, which it said portrays the county as having strong residential, commercial and industrial markets, but with a need for additional inventory in each sector.
The index was unveiled during a luncheon event attended by more than 100 business executives and professionals at the Hyatt Place Saratoga/Malta.
The index also presented the results of a Pulse Survey that signaled an optimistic view of Saratoga County’s real estate sector. Among real estate professionals surveyed, 94 percent describe the residential sales sector as strong, very strong or stable; 88 percent see the commercial leasing market as strong, very strong or stable; and 78 percent characterize the commercial sales market as strong or very strong.
“Saratoga County’s vibrant real estate market is critically important because its reach extends into all sectors of our economy,” said Marty Vanags, president of the Saratoga County Prosperity Partnership.