T
he Central New York residential real estate market has continued to favor sellers in 2024, following a trend that began after the Covid-19 pandemic in 2020. The region's market has seen unprecedented competition for properties, with waived inspections, bidding wars, and multiple offers becoming the norm.

    In contrast to previous years, these competitive dynamics have become commonplace. Homebuyers are facing intense pressure to secure their desired properties, often at the expense of traditional negotiating tactics. This shift in the market is a result of high demand and limited supply, creating an environment where sellers hold significant leverage.