Central NY housing experts say market increased 11% since 2020

New York

2022/01/28

Experts believe that remote work, more time at home, and low mortgage rates help drive sales up in 2021.However, those sales drove the median selling price of a CNY home, ↑ ~11% YoY.Housing market experts say many residents decided last year was the right time to purchase a home.As for 2022, while interest rates may go up a little, Real Estate experts expect prices to remain steady. There were 10,124 closed home sales in 2021 in the area, ↑ ~7% YoY, according to the GSAR.Despite the higher prices, you can still find a great home, and if you're looking to sell, it's a great time to do that.