August home sales in Central New York dipped by 11 percent compared to the same month last year.
The Greater Syracuse Association of Realtors says the anticipated rate by the Federal Reserve may have caused some buyers to hold off on entering the market. That’s despite a major increase in homes listed for sale, which was up nearly 30 percent compared to a year ago.
Meanwhile, the median home price climbed to $250,000 dollars, up 8.7 percent from August 2023.