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.  

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What is your home worth?

Ever go to an online real estate site to check out what your home is worth?  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.  ePropertyWatch™ delivers specific information about YOUR home and neighborhood not the whole town or county.  Property values are dynamic, always changing in part due to activity in the neighborhood with this program you will know what is happening around you.  From sales to rentals to foreclosures – ePropertyWatch™ puts your finger on the neighborhoods pulse.  ePropertyWatch™ is provided by CoreLogic®, one the the largest property data aggregators in the country, working with government (over 3,000 counties), multiple listing services, biggest mortgage providers, and insurance companies.  Neither CoreLogic® or the Listing Company of CNY will ever share your email or information with anyone.  

Price Reduction 9461 Brewerton Road $469,900

Price Reduction 9461 Brewerton Road $469,900

Motivated Seller!  $30K price reduction.  Built in 2014 this 3,240 SF building  has over 200 feet frontage on State Route 11 (Brewerton Road) and is located within minutes of Oneida Lake, Oneida Shores Park, Brewerton Raceway and Brewerton waterfront.  Currently operating as Bear Creek Restaurant (business not included in purchase) a full service restaurant/bar.  All public utilities:  natural gas, electric, public water, and sewer.   With today’s interest rates and this incredible price opportunity is knocking. 

May 2019 CNY Housing Market Trends

CNY Housing Inventories Remain Low

The sellers market continues on in Central New York.  The inventory of previously owned homes (all price ranges) remain at historic lows. Year over year numbers for May 2017-2019 clearly demonstrate that relief for buyers is not happening anytime soon.  Homes for sale in Onondaga County have consistenly stayed under the 1,000 mark since March of 2018.  In Oswego County has seen a 35.8% drop in Homes for sale from May 2017 to May 2019.

First time home buyers will find the market especially difficult with only 406 homes available in the $92,000 to $148,999 price range in all of Onondaga County.  Days on Market (DOM) for the same range dropped to 12 days in May 2019 with only a 1.5 month supply of homes.  The average Sale Price for this price range in May 2019: $123,475.   

 

May 2017 May 2018 May 2019
CNYIS (MLS Wide) 2,650 2,140 1,915
Onondaga County 1,286 983 905
Oswego County 561 439 360
Townhouse for Rent 1106 Fern Hollow Liverpool

Townhouse for Rent 1106 Fern Hollow Liverpool

Townhouse for Rent

1106 Fern Hollow Drive, Liverpool, NY 13088

Modern Townhouse located in the Liverpool School District less than 15 minutes to Downtown Syracuse, Upstate Medical, Lockheed Martin, DestinyUSA, University, Thruway, Airport…more.  Features include:  Woodburning Fireplace, Central A/C, Deck Off Slider, Finished Basement Rec Room, Garage, Off Street Parking, Washer & Dryer for tenant use.  Dogs Acceptable with Restrictions/Security Deposit.

CNY Housing Market: Inventories Still Low

Homes for Sale Inventories Remain Low

Great news for sellers, low inventories and higher prices make this a great time to sell your home.  Sellers that price their homes within market range are enjoying bidding wars and higher sale prices.  Buyers on the other hand are enduring fewer choices, higher purchase prices, and a stressful buying process.  Shortly May 2019 numbers will be posted by Central New York Information Service (CNYIS) and the general consensus is the current trend will continue.  CNYIS is the MLS of the Greater Syracuse Association of REALTORS® (GSAR).  We are Members of  the GSAR and CNYIS. 

April 2013 April 2019
CNYIS-MLS 4,038 2,221 -45.0%
Onondaga 2,233 1,146 -48.7%
Oswego 625 377 -39.7%
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