SYRACUSE, N.Y. — Realtors closed on the sale of 970 homes in in the six-county Central New York area, down 4.4 percent from 1,015 in the year-prior month, according to a recent housing report from the Greater Syracuse Association of Realtors (GSAR). Home prices continued to grow across the region as inventory remained tight. The […]
SYRACUSE, N.Y. — Realtors closed on the sale of 970 homes in in the six-county Central New York area, down 4.4 percent from 1,015 in the year-prior month, according to a recent housing report from the Greater Syracuse Association of Realtors (GSAR).
Home prices continued to grow across the region as inventory remained tight. The median sales price was $187,000 in August 2021, up 9.4 percent compared to the same period in 2020.
“While the ongoing headwind of constrained inventory slowed sales in August, it is important to note that the year-to-date sales total is nearly identical to the first eight months of 2019,” Lynnore Fetyko, GSAR CEO, said in the report issued on Sept. 22. “Our housing market remains very active and healthy heading into the fall. We continue to see gains in the number of homes newly listed for sale and overall inventory, but we have not returned to pre-pandemic levels.”
Year-to-date, through Aug. 31, Central New York realtors have sold 6,103 homes, up 15.3 percent from the same period in 2020. The sales total for the same period in 2019 was 6,107.
Mark Re, president of the Central New York Information Service (CNYIS), said he sees no shortage of buyer demand in the marketplace.
“Buyers remain active despite market fatigue, and are encouraged by the slight increases in the number of homes for sale and the moderating of price growth trend,” he said.
The number of homes listed for sale was 2,139 at the end of August, up 23.7 percent compared to the pandemic-slowed August 2020 total of 1,729, GSAR reported. However, homes for sale were still down considerably from the 2,984 homes listed at the end of August 2019.
GSAR is the trade association representing more than 1,700 realtors in Central New York. All GSAR data is compiled from the Central New York Information Service and includes single-family residential activity in Seneca, Cayuga, Oswego, Onondaga, Madison, and Oneida counties.