Surge in Real Estate Market
Overview of the village of Liverpool with Onondaga Lake in the background. Photo by Kenneth Sturtz.

Surge in Real Estate Market

After a few slow months, real estate market is hot again, in part thanks to low interest rates, coronavirus pandemic By Ken Sturtz Teelin John and Monica Weber decided in February to sell their four-bed, two and a half bath home in the Hiller Heights neighborhood of Cicero. The couple had moved there five and a half years earlier and lived in the neighborhood while their children were growing up. Now they wanted to relocate to Florida where Monica’s parents lived. They assumed they should put their home on the market in April. But Central New York’s real estate market bursts to life each spring well before the snow melts and it pays to be first out of the gate. Their agent at Howard Hanna in North Syracuse told them not to wait to list their property. “Our real estate agent told us the market was going to be really hot,” John Weber says. Their home went on the market March 1; they accepted an offer two days later. In the months since, Central New York’s real estate market has grown even hotter as the COVID-19 virus has helped to create a perfect storm: high demand among buyers who were

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