CNY Housing Market Data July 2019

Homes for sale (resale) inventory remains very low and prices continue to increase.  This data indicates a classic seller’s market. The tables below are interactive!  Scroll over the graph lines to view monthly data for the last 5 years. Depending upon your browser you may have to slide left/right to view all data.  The second table represents median sale price meaning half the homes sold for more than and half sold for less than. To search the CNYIS MLS for current listings scroll down on the right.  

Contact Us

 

 

Enter School District Name to Search Current Listings in that District.

Local Housing Market Update

For Onondaga County – January 2019

The local housing market continues to be a “seller’s market” with Inventory of Homes for Sale declining 7.6% from year over year.  Median and Average Sales Price (not accounting for sale concessions and/or down-payment assistance) have increased 6.5% year over year.  Low inventory with increasing Sales Price generally means buyers will will have a more challenging home search. Click on the link below for the complete report provided by Central New York Information Service, Inc., the local MLS.

Onondaga County Jan 2019

Interested in your homes value? Curious about nearby homes that are for sale or recently sold? How about how much your home might be worth in the next two years? With ePropertyWatch, that information (and much more) comes directly to you in either a monthly or bi-monthly email. ePropertyWatch is provided by CoreLogic a leading provider of consumer, financial and property data, analytics and services to business and government. Click here to visit the ePropertyWatch website and register for monthly email…you can cancel at anytime and we never share your contact information.

 

Effects of Rising Mortgage Rates – Robert Schiller

Fox News interview with Robert J Shiller, a Nobel Laureate, economist, academic, best-selling author and one of the creators of the S&P CoreLogic Case-Shiller Home Price Indices.  The S&P CoreLogic™ Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.

Whether you are considering listing or buying a home understanding the current housing market and current conditions is important to making an informed decision on price and/or offers.  Assuming that every real estate licensee understands and is informed on current housing market conditions would unfortunately be a mistake.

Housing Market Trends Median Sale Price

Housing Market Trends Median Sale Price

Median (half sold for more and half sold for less) sale price of homes sold in Onondaga County, Town of Clay, Town of Cicero, and Town of Lysander.  Chart tracks median sale price over the last 3 years ending with May of 2018.  Hover over each data point (month) to see values.

Sale prices continue to trend higher as inventories continue to drop.  Some areas have less than 2 months supply of homes for sale.

We will post those charts shortly.  If you would like data for your specific area please complete the “Contact Us” form to the right of chart.  We can provide data by County, Town, City, or School District.  Information from Central New York Information Service, the MLS of the Greater Syracuse Association of REALTORS®

Housing Market Update Trends by School District

Interactive Chart/Graph is displayed in iFrame.  If viewing with a Chrome Browser must allow the display under security settings. Hover over chart lines to display data.  Each data point is 12 months activity.  

Average Sale Price and Homes For Sale data for Northern Onondaga County school districts (Baldwinsville, Liverpool, and CNS Cicero North Syracuse) from January 2013 to May 2018.  Overall, average sale prices are up in each school district while number of homes for sale are down.  If you would like detailed local market information on your school district, county, town, city, or zip code complete the “Contact Us” form to the right and include the specific area you would like in the message section.

Cicero, New York Real Estate Market Trend

Cicero, New York Real Estate Market Trend

Inventories in the Cicero, New York market continue to be tight. A situation good for sellers and not so much for buyers. As of a few moments ago there were 75 single family homes listed as “active” in the Town of Cicero ranging in price from 45,500 to 475,000. Of those 75, fifteen were under construction or to be built meaning there are only 60 homes listed for sale in this 55 square mile community. Twenty-one of the homes were listed between 125K and 199K with 15 listed between 200K and 250K. The most recent Local Market Update – April 2018, from the Central New York Information Service, Inc. show a 30.9% decrease in new listings, Days on Market Until Sale show a decrease of 17.9% (56 in 2017 – 46 in 2018) and a 2.3% increase in Percent of List Price Received (96.2-99.1)*. These are year over year numbers. Data obtained from the Central New York Information Service, Inc the MLS of the Greater Syracuse Association of REALTORS. For a copy of the detailed report complete the “Contact Us” form on this page (please include the town, school district or county desired) and we will provide the most recent information by return email.
*Does not account for sale concessions and/or down payment assistance.
%d bloggers like this: