Greater Syracuse Association of Realtors

The president of the Greater Syracuse Association of Realtors predicts market activity could become busier, if the Federal Reserve lowers interest rates.

June home sales rose nearly 9% as inventory and prices continued to climb.

Home prices in Central New York climbed again in May, even as the number of homes sold dropped by more than a quarter compared to last year.

Housing costs in Central New York continue to rise, with prices up 10% from last year. While new listings are increasing, sales are slowing as affordability becomes a growing concern.

According to the Greater Syracuse Association of Realtors, average home prices in Central New York climbed 14% to $229,000 in January, even as sales dropped by 7% and inventory increased by 28% due to fewer new listings.

New data also show median home prices cooled off.

August home sales in Central New York dropped by 11% compared to last year. Despite a 30% increase in homes listed for sale, the median home price rose 8.7% to $250,000.

Low inventory is also a problem. Can the state and county eliminate barriers?

The costs of homes in January are up $7,000 from the same time last year.

Median home prices set another record in Central New York for the second consecutive month.