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ALBANY, N.Y. -- The latest housing market numbers for the month of October suggest some good news for the Capital Region.

According to the Greater Capital Association of Realtors, the region is well on its way to returning to a balanced market in which neither the buyer nor seller has an advantage.

Realtors say they've seen contracts of sale and closed sales running nearly 20 percent higher than this same time last year. They also say the median price is $193,000, about three percent higher than last year, but almost one percent lower than 2007 when prices peaked.

The Greater Capital Association of Realtors believes this positive trend will continue through the end of both 2012 and 2013.