Housing Market Trend – Months Supply/Days On Market $100K to $199K
by Robert Smith, Lic. Real Estate Broker, NYS Lic. Real Estate Instructor
As a general rule, most economists and real estate professionals consider 5 to 6 months of inventory to be a normal or balanced market. Over 6 months of inventory and we have buyer’s market. Less than 5 months and we have a seller’s market. Central New York has been a seller’s market for months, even years. The blue line indicates statistics for all of the Central New York Information Service, Inc. (CNYIS) service area*. CNYIS is the MLS of the Greater Syracuse Association of REALTORS®. The red line indicates the same data for the North Syracuse-Cicero School District.
*Cayuga, Cortland, Jefferson, Lewis, Madison, Oneida, Onondaga and Oswego Counties and the City of Syracuse.
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