Welcome to this month’s Syracuse NY June Real Estate Report.* It’s time to take a look at what’s happening in the area. It’s still a fast paced market with homes moving quickly due to low inventory. Here are some of the recent stats for Syracuse NY as we compare this June to last June:
In June 2016, there were 1,409 new listings. This past June, there were 1,347 for a decrease of 4.4%.
However, in June 2017, we saw an increase of 6% in the number of homes under contract as compared to June of 2016. There may have been less homes available, but more homes have contracts this year. We can’t express enough how important it is to be represented by an experienced Realtor that can help you put your best offer forward in a seller’s market.
June 2016 saw 815 clients make their move. June 2017 brought 848 closed sales for an increase of 4.0%. In addition, the average sale price was up 13.5%!
As we navigate the hot summer market, it’s important that you have the right tools to step up to the plate! We have a team of trusted mortgage professionals that can help you decide if a move is right for you.
In addition, we have a network of local contractors who can help you with any projects you have planned for this summer. It’s always a great idea to understand the value of your home before you make a renovation. Some renovations will add value while others will simply be a matter of preference that you won’t necessarily make back when you sell. Move or improve? We can help you determine what’s best. Contact us today and let’s get started!
*Stats provided by Greater Syracuse Association of Realtors.