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Syracuse housing market sees more inventory at higher prices

Real Estate For Sale
Maxwell Mimaroglu
/
For sale sign in Syracuse, N.Y., Feb. 28, 2022.

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.

Scott Willis covers politics, local government, transportation, and arts and culture for WAER. He came to Syracuse from Detroit in 2001, where he began his career in radio as an intern and freelance reporter. Scott is honored and privileged to bring the day’s news and in-depth feature reporting to WAER’s dedicated and generous listeners. You can find him on twitter @swillisWAER and email him at srwillis@syr.edu.
Matt Wrigley comes from Mt. Laurel, New Jersey, and is pursuing his Broadcast and Digital Journalism degree at Newhouse. His goal is to be a beat writer for a Philadelphia sports team or a broadcaster for NBC/NBC Sports. This semester at WAER, he's looking forward to gaining confidence with interviews and improving his news writing.