Syracuse County Closes 106 Home Sales, $1.475M Top Deal
Home Sales Activity in Syracuse County Amid fluctuating economic terrains, Syracuse County's home sales activity has reached unprecedented heights. With 106 homes sold and a top transaction at $1.475 million, the market shows a vibrant pulse. Increased buyer demographics from prominent metro areas such as Washington and New York are contributing to the heightened demand. This influx signifies intensified market competition. Properties quickly go pending in mere 6-7 days. Moreover, the scarcity of available inventory , with figures remaining well below 600 homes, further fuels the competitive environment. Furthermore, the median home price reached approximately $190,000, up by 7.9% year-over-year. The factors driving this vibrant market include a strong local demand retention rate. About 52% of buyers searched within the local metro. As housing shortages and underbuilding become more common, rising home prices inhibit homeownership and drive more people towards renting, further imp...