To keep the theme that a housing bubble will not affect every community, Syracuse realtors are looking for a strong year. Certain markets are going to have a rough time, but the majority of the country will see the steady 4–8 percent growth that we see year after year.
Jeff Roney, the new president of the Greater Syracuse Association of Realtors, says he expects 2006 to be another strong year for the real estate market in Central New York.
“I think the fundamentals are very solid, and that we should have a very good year in ’06,” he said. “It should be a similar year, in my opinion, to ’05.”The median price of the 449 homes sold during November in Onondaga County was $125,000, up 9.2 percent compared with the median price in November 2004, according to the New York State Association of Realtors.
Half of the houses sell for more than the median, half for less.
In Cayuga County, the median price in November was $88,700, up 12.4 percent; in Madison County, the median was $95,000, up 3.5 percent; in Oswego County, the median was $70,000, down 7.3 percent. via Syracuse.com
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