Housing Market Data for CNY
Record low inventories of available homes for sale continues through February 2019. MLS wide (8 counties) available homes for sale have declined by 44.8% with Onondaga County coming in with a 49.4% decline. Homes listed for under $200K have been hit particularly hard making it very difficult for first time home-buyers. On the other hand home-sellers have benefited from the sustained shortage of available homes. Sellers are seeing multiple offers and homes selling above asking price. According to the February 2019 Monthly Indicators Report from the Greater Syracuse Association of REALTORS® (we are Members) the One Year Change in Median Sales Price is +9.4% (Click Here for a pdf of the GSAR complete report) with a 11.0% decrease in new listings. According to the February 2019 Local Market Update from CNYIS shows a 4.9% decline in new listings year to date (Click Here for a pdf of the CNYIS Local Market Update) with a 6.0% in average sale price. The interactive table below shows available homes for sale month by month (simply hover over the graph lines to see individual months) for 2016-2019 for the entire MLS, Onondaga County, and Oswego County.
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