Home prices continued their steady climb last month in Central New York. New data from the Greater Syracuse Association of Realtors shows the median sales price jumped 8.2% in August compared to the same month last year to just over $270,000. That’s despite plenty of inventory to choose from and fewer closed sales.
The number of homes listed on the market is up a whopping 43% compared to a year ago, and sales were down nearly 13% percent. Realtors said they’re optimistic about buyer activity in September as mortgage rates decreased in advance of the federal reserve’s interest rate cut.
