Myriad Team at Keller Williams Realty Lancaster | 2731 Transit Rd, Ste 102 | Elma NY 14059

WESTERN NY

HOUSING MARKET

Understanding what the housing market is doing is key to helping you with your real estate transaction!

What is a "housing market"?

The term Housing Market generally refers to the overall supply and demand of homes in any given area. On the reports and graphs we provide, any time “Entire MLS” is referenced, the areas included are:

  • Allegany County
  • Cattaraugus County
  • Chautauqua County
  • Erie County
  • Genesee County
  • Niagara County
  • Orleans County
  • Wyoming County

Historically speaking, the Western NY Housing Market has always been one of the most stable markets in the United States. Even during the last market crash, Western NY home values were barely affected. Typically, the Western NY market may fluctuate up or down approximately 3-5%. As you can see on the sales price graph, this remained true during that last big market crash in 2008. In fact, home values in Western NY actually saw an increase during that time!

What does this mean for you?

Stability in a housing market means that you can rest assured that your property will at least retain its value when it comes time for you to sell. We believe that as the housing market continues to shift in the months and years to come, your home value will follow the historical trend. That means that your home will still be the best investment you can make for yourself! We can help you determine your home’s value at NO COST to you.

Page Cover – Photo Credit: Peter Cimino

Keller Williams Realty, Inc. is a real estate franchise company. Each Keller Williams office is independently owned and operated. We support the Fair Housing Act and are an Equal Opportunity Housing Provider. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Copyright © 2020 Myriad Team @ Keller Williams Realty Lancaster.

Keller Williams Realty, Inc. is a real estate franchise company. Each Keller Williams office is independently owned and operated. We support the Fair Housing Act and are an Equal Opportunity Housing Provider. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Copyright © 2020 Myriad Team @ Keller Williams Realty Lancaster.

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