Real Estate in CNY: A Bright Spot During the Pandemic
View of several homes in the village of Liverpool. Photo by Ken Sturtz.

Real Estate in CNY: A Bright Spot During the Pandemic

Homes are selling faster and their prices have gone up substantially By Aaron Gifford Tom Haggerty Real estate sales in Central New York region have been one of the few bright spots during the pandemic, with prospective buyers coming here from other parts of New York and other states. A recent report from Redfin, a national real estate brokering company, indicated that in the third quarter of 2020, Syracuse was among the top metro areas searched by prospective homebuyers looking to relocate. Forty-six percent of those who used Redfin to browse Central New York houses were from outside this area, with the most interest coming from the New York City area, followed by Rochester, Washington, D.C., Boston, Buffalo and Seattle. Recent data from the Greater Syracuse Association of Realtors shows that home prices are going up across the region. And, homes are selling faster. For the eight-county region (Cayuga, Cortland, Jefferson, Lewis, Madison, Oneida, Onondaga and Oswego), the average sale price as of Jan. 31 increased to $185,456 from $150,853 in January 2020, or nearly 23%. “This is probably the largest median increase Central New York has ever seen,” said Tom Haggerty, a Century 21 licensed real estate broker based

This content is restricted to site members. You need to subscribe. $21.50 for one year, $35 for two years. You also receive three free guide with their subscription – CNY Summer Guide, CNY Winter Guide and CNY Business Guide. If you are an existing user, please log in. New users may register below.

Existing Users Log In