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Market Trends
Commentary Provided byGeorge J. Tucci Jr. If you can qualify, now is an exceptional time to buy a home in Cicero. Low rates with falling home prices makes a home purchase a great value! Call now for more information at |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Syracuse | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 30-60 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | The 1st timer buyer inventory has great values here in Cicero and with low interest rates, now is a great time to buy! | ||
| Average Home Price | $175,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $400,000 - $449,000 | ||
| Compared to Last Year | No Change | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | Like always, Here in Cicero, the good listings don't last. They sell for over full price with multiple offers. | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Cicero is | No Change | ||
| Seller Activity for the past 90 days in Cicero is | No Change | ||
| Is Financing Available For Qualified Buyers in Cicero? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | The Crossings, The Pastures and Gulfstream by the Lake | ||
| Reason to Buy/Sell | Good economic news | ||
| Average Sold Price | $175,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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George J. Tucci Jr.
CENTURY 21 Tucci Realty Cicero, New York 315-458-9000 ex.227 GeorgeTucciJr@agents.househunt.com Agent Home Page 
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Cicero Local News
News for Cicero, NY - Monday June 15th, 2009 10:18am
What a fantastic spring market we are having 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.
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315-458-9000 ex.227
