Winter 2012 Market Update
What a fantastic winter market we just had here in Cicero. 1st time buyers are getting the opportunity to own a home with great value and low interest loans. Move up buyers have a great selection of well valued homes. Now that the stimulus package has been extended and expanded to include existing home owner’s, The spring market should be excellent and rates continue to stay under 6%.

Average Home Price $175,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 30-60 days
Best Selling Price Range$100,000 - $149,000
Worst Selling Price Range$350,000 - $399,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market Equal buyers and sellers
Buyer Activity for the past 90 days in Cicero isIncreasing
Seller Activity for the past 90 days in Cicero is?Increasing
Multiple Offers?Yes
Multiple Offers CommentaryLike always, Here in Cicero, the good listings don't last. They sell for over full price with multiple offers.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?0-5%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Inventory CommentsCicero currently has an excellent inventory of new and resale homes in most price ranges.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Job Growth
Nearest Metro AreaSyracuse
Housing Hot SpotsThe Crossings, The Pastures and Gulfstream by the Lake
Average Sold Price $175,000 - View Graph Trend

Cicero Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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