A comparison of the fourth and final quarters of 2006, 2007, and 2008 shows a remarkably low 1% reduction in the price of a closed home in these three CNY towns. On the flip side the same comparision (2006 v 2008) shows a 33% reduction in the number of homes sold. You can find detailed data and town by town numbers at the blog page of www.cnyhousingwatch.com. More good news on the CNY housing market can be found in this mornings (Fri, January 14, 2009) Syracuse Post Standard (www.syracuse.com) showing that the metro Syracuse area ranks 99th among the top 100 cities in foreclosure rate. In addition agents are reporting higher traffic at open houses a potential indicator of an improving spring.
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