CNY Home prices set another record
Median home prices set another record in Central New York for the second consecutive month. The Greater Syracuse Association of Realtors says the average price reached $200,000 in July, up 8.1% from last year and broke last month’s record of $195,000.
Meanwhile, closed sales continue to fall, down by 16.2% compared to last July. But the number of homes on the market is up by nearly 13% for the same period. Association CEO Lynnore Fetyko said the number of available homes is increasing, but the housing market has not moved into a balance between buyers and sellers