It’s A Seller’s Market – 37 Percent Fewer Homes For Sale In Buffalo
It's a great time to sell a house in western New York, but for buyers, the process couldn't be harder.
According to a recent report from Redfin, there's 37.5 percent fewer homes on the market in Buffalo compared to a year ago. Limited inventory drives up home prices and makes the buying process far more competitive.
The Redfin report showed a 5 percent increase in the national average of available houses for sale, so the numbers in Buffalo aren't following current national trends.
The report noted that the typical house is under contract within 36 days.