Longer than it did a year ago, and price and condition matter more than they have in a while. In the CNYIS weekly market report for the week ending Oct 10, there were about 50% more homes for sale across the six-county area than the same week last year, and pending sales were down about a third. September came in at 3.2 months of supply. In plain terms, buyers have more to choose from, so the houses that are priced right and show well are the ones going under contract first.
I'm Greg Wakeman with the CNY Niche Team at HUNT Real Estate ERA, and that's what I'm seeing with sellers in Syracuse, Camillus, Fayetteville and Manlius. Overpriced listings sit, then need a price drop to get recirculating.
Also plan for the stretch after you accept an offer. In New York both attorneys review the contract, then you're waiting on the inspection, appraisal and the lender before you close. If you want a realistic timeline for your house, call or text me at 315-630-3222.
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