Today in Onondaga County there are 2,119 single family homes
for sale 119 of those came onto the market in the last 7 days. Over the past 6
months 2,328 homes have sold and closed. When the number of sales over the
previous 6 months is higher than the number of available homes the market is
said to be favoring the seller so we are in a “sellers’ market”. In a sellers’
market prices hold steady and often rise, in the Greater Syracuse market that
rise in pricing will be modest but the overall lack of inventory may force
buyers to pay close to full asking price.
From the buyers perspective it is still a fantastic time to
buy. Even at full asking price the ultra-low interest rates will make up for
any negativity a buyer may feel paying the full asking price. If you have
questions on the local market visit our website or email me john@johnarquette.com
Several individuals don't understand that purchasing anything specifically from the builder may not improve a deal. I am happy to have some exceptional brokers who were informative, responsive and accommodating. Much obliged for everything!
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