SYRACUSE, N.Y. (NCC News) – It’s a lot easier to buy a house in central New York right now than in recent years. Five New York counties, including Onondaga County, are ranked in the top 100 housing markets according to popular realty app Redfin. Christopher Tuohey is in the process of selling his Syracuse home.
“Because of a bunch of different market forces, this is a good time to be selling,” Touhey said. “Especially here in central New York. I mean, we’ve heard the talk about, you know, people getting more for their homes than they would have expected at any other time in recent history.”
This hot market is also encouraging young professionals like SU senior Jackson Holzer to take unique approaches.
“If I were to get a job, it’s most likely going to be in New York City and Syracuse rates are still lower than in the city, Holzer said.” So I’d probably still want to be located here despite the prices being higher than normal.”
According to Norda Real Estate, 106 houses were sold in the month of February in Syracuse. That’s up from just 82 a year ago. That was part of a record swell in February which indicated this housing market climb. The Federal interest rate as of April, 2 is 5.25-5.50%, still relatively high. However, it’s clearly still not dissuading buyers in the CNY market to capitalize now.
