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Lower mortgage rates boost CNY real estate closings in September

A home seen for sale here in the Syracuse area.
WAER News file photo
A home seen for sale here in the Syracuse area.

With lower interest rates, Central New York Homebuyers had 776 closed home sales in September. The Greater Syracuse Association of Realtors says that’s a 1.2% increase compared to the same time last year.

“Sellers have returned to the Central New York Housing market in 2025 as September marks the 6th consecutive month of growth in newly listed homes,” said Reginia Tuttle, GSAR CEO. “While buyers have quickly made deals on many of these homes as they came on the market, the net result is that our available housing inventory is at its highest point since mid-2020. Today’s buyers have more options across a wide spectrum of home types throughout our communities, which will help strengthen our regional housing market in the months ahead.”

Last month, the median home selling price climbed 7% from a year ago to nearly $267,000. Meanwhile, nearly 1,800 homes were listed on the market at the end of September, representing a 38.5% boost compared to September 2024. For the year home sales were down slightly.

John Smith has been waking up WAER listeners for a long time as our Local Co-Host of Morning Edition with timely news and information, working alongside student Sportscasters from the Newhouse School.