KEEP UP TO DATE WITH SYRACUSE'S CURRENT MARKET TRENDS

Hey there, Buyers and Sellers! Let's dive into some exciting real estate metrics that are currently impacting the market.

First off, we have a Months Supply of Inventory sitting at a low 1.44. This means that there is a limited supply of homes available for sale, which can create a sense of urgency among buyers.

On the flip side, we have seen a significant decrease of 13.77% in the 12-Month Change in Months of Inventory. This drop indicates that homes are selling faster than they were a year ago, which is great news for sellers looking to move their properties quickly.

When it comes to how long homes are sitting on the market, the median days is a mere 6. This lightning-fast turnaround time is a clear indicator of the high demand in the current market.

Additionally, the List to Sold Price Percentage is at a strong 107.1%. This means that homes are typically selling for over asking price, which is a fantastic outcome for sellers looking to maximize their profits.

Lastly, the Median Sold Price is currently at $193,000. This figure gives buyers and sellers a good idea of the current market value of homes in the area.

Overall, these metrics paint a picture of a competitive and fast-moving real estate market. Buyers should be prepared to act quickly when they find a home they love, while sellers can take advantage of the high demand and potentially sell their homes for top dollar. It's an exciting time to be in the real estate game!