New data from the Greater Syracuse Association of Realtors suggests that houses are getting more expensive as the number of houses for sale increases.
The median selling price is up 10% from this time last year, and the number of homes being listed is also up 10%. However, more than 1,800 closed home sales were recorded in the first quarter, down 8% from the same quarter last year.
Despite the inflation and higher mortgage rates, Association CEO Lynnore Fetyko says they still predict a healthy housing market this year.
