Strong Sellers Market In Many Parts Of CNY

Dated: 03/13/2018

Views: 499

It has been a long time since I have seen such a strong seller's market in CNY. As Realtors, we measure the marketplace by months supply of inventory, or the Absorption Rate. That is how many months would it take, at the current rate of sales, for all the inventory to be absorbed (sold).

Five to 6 months is referred to as a balanced market. Less than 5 is a seller's market- more than 6 is a buyer's market. For more information about Absorption Rate click on this link. 

(https://www.nar.realtor/RMODaily.nsf/pages/News2007111404)

According to Central NY Information Services (CNYIS), more commonly known as the multiple listing services, we are looking at a  3.7 months supply of inventory in CNY.

The long and short of it- if you are thinking about selling your home, NOW would be a great time.


Want to Advertise on this Site?

Latest Blog Posts

Realtors Need To Get Away Too

I am fortunate because I have had the opportunity to serve on the Greater Syracuse Association of Realtors board of directors. Each Year our CEO provides the directorship with a retreat. IT is

Read More

Sell Your Home Fast For More Money

Home-Selling Checklist: 12 Things to Do Before Selling Your HouseBy Cathie Ericson | Nov 2, 2017Getting ready to sell your house? Then it's time to roll up your sleeves and get to!

Read More

Best Practices To Close Your Pool

 Pool Closing Best Practices for HomeownersSharesSharesSharesSharesSharesJoseph Nastri, RE Associate BrokerKeller Williams Realty Syracuse (315) 701-6996 Send EmailVisit Website 30NA462867

Read More

Painting Projects

 Which Paintbrush is Right For My Project?SharesSharesSharesSharesSharesJoseph Nastri, RE Associate BrokerKeller Williams Realty Syracuse(315) 701-6996Send EmailVisit Website 30NA462867

Read More