If you’ve been considering selling your home in Syracuse or Central New York, there’s never been a better time to act. The local residential real estate market is currently a seller’s market, and recent trends show that buyers are eager to purchase homes. Whether you’re looking to downsize, relocate, or simply cash in on the current market conditions, now is the time to get your property listed.
Syracuse Housing Market Trends You Need to Know
The Syracuse housing market has seen impressive growth in recent months, making it a prime time for homeowners to sell. Here’s a look at some key market statistics that show just how favorable it is for sellers:
- Median Sale Price: The median sale price for homes in Syracuse has increased to approximately $170,000, reflecting a 10% increase over the past year. This growth demonstrates a thriving market, where property values are rising, making it an ideal time to sell and take advantage of strong demand.
- Homes Are Selling Quickly: On average, homes in Syracuse are now selling in 17 days—just one day more than the 16-day average seen last year. Homes are moving quickly, signaling high buyer interest and a strong competitive environment.
- Multiple Offers and Over-Listing Sales: Perhaps the most exciting news for sellers: over half of the homes sold in recent months have sold for more than their listing price—often by as much as 6% or more! This means that not only are homes selling quickly, but they’re also fetching higher-than-expected prices, which translates into more money in your pocket.
Why Canaan Realty Is the Right Brokerage to Help You Sell
At Canaan Realty, we understand the local real estate landscape and know how to leverage current market trends to get the best price for your property. So far this year, our experienced team has successfully sold over $5,796,000 in residential properties, and we’re ready to put our expertise to work for you.
Our team of dedicated agents knows what it takes to market your home effectively, negotiate the best deals, and guide you through every step of the selling process. Here’s what makes us stand out:
- Local Expertise: We’re based in Central New York, and we have in-depth knowledge of the Syracuse housing market. This allows us to position your home to attract the right buyers and help you navigate the nuances of the local market.
- Proven Track Record: With over $5.7 million in residential sales this year alone, we have the experience and success to prove that we can get your home sold quickly and for the best possible price.
- Strategic Marketing: We use cutting-edge marketing strategies, including professional media and content creation, online listing syndication, and social media advertising, to ensure your home gets maximum exposure.
- Negotiation Skills: Our experienced agents are expert negotiators, skilled at securing offers above the asking price. In a market where homes are selling for more than the listing price, you need an agent who can help you get top dollar for your property.
Take Advantage of a Seller’s Market Today
With the median sale price in Syracuse climbing, homes selling quickly, and buyers competing for the best properties, it’s clear that now is the time to sell. At Canaan Realty, we’re committed to helping you make the most of the current market conditions.
Ready to make a move? Contact us today to learn how our team can help you get your home sold quickly and for the best price possible. The Syracuse housing market is waiting for your property!
References
[email protected], K. T. |. (2024, May 13). Upstate NY places among hottest real estate markets in US. syracuse. https://www.syracuse.com/data/2024/05/multiple-upstate-ny-places-among-hottest-real-estate-markets-in-us.html
Redfin. (n.d.). Syracuse Housing Market: House Prices & Trends. https://www.redfin.com/city/18606/NY/Syracuse/housing-market#demand