realestate

NYC suburbs sell homes fastest, nowhere near Manhattan

Redfin data: five Rust Belt upstate metros among July's fastest markets.

U
pstate New York’s housing market is outpacing the rest of the country. Redfin’s July data lists five of the state’s metros among the nation’s fastest‑moving markets. Rochester and Albany break into the top 10, with single‑family homes staying on the market for just eight and nine days, respectively. Syracuse, Buffalo and Binghamton round out the top 50, and Syracuse’s homes sell in a brisk 16‑day window. The region’s long, gray winters—shaped by Lake Ontario and Lake Erie—do little to slow demand.

    The pandemic‑era supply squeeze, once thought confined to major cities, now grips these smaller hubs. Fewer inventory listings have sparked fierce competition, turning negotiations into bidding wars, all‑cash offers and inspection waivers. Syracuse, home to the university, exemplifies this shift: properties that once lingered for months are now snapped up in days.

    Price growth follows the frenzy. In Onondaga County, the average home price has risen 8.6 % year‑over‑year, topping $312,000. For buyers, the lesson is simple: delay and you’ll be back on the hunt tomorrow.

NYC suburbs homes sell fastest, far from Manhattan.