Market Update Months Supply

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.

 

 

We can produce interactive graphs for specific school districts, towns, or cities.  If you would like to receive a report on your specific area please complete the contact form on the right and include the area you are seeking in the Comment area.

New Home Community Camillus

New Home Community Camillus

Rolling Meadows-Town of Camillus

Brand new Cornerstone Homes community located in the heart of Camillus.  West Genesee School District.  Offering variety of plans with new standards for 2020 including granite-countertops and gas fireplaces.  Only two homesites remain in the current phase.  Cornerstone Homes has a complete portfolio of innovative floorplans…one for almost every lifestyle.  

CNY Housing Update

Housing Market Activity and Indicators

Whether you are selling or buying it is important to know what is going on in the local housing market.  The interactive graph to the left represents previously owned homes in the Central New York Information Service, Inc. (CNYIS), the MLS of the Greater Syracuse Association of REALTORS.  Click on the red button to review the weekly numbers or the blue button to review numbers from the previous month. All data from CNYIS, Inc.  

We can produce interactive graphs for specific school districts, towns, or cities.  If you would like to receive a report on your specific area please complete the contact form on the right and include the area you are seeking in the Comment area.

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