CNY Housing Market Benefits From Warmer Winter

Homeowner Mark Copley tells his story of why the winter stopped him from selling his house, while VP & GM of Realty USA, Mark Re, explains why this winter has actually been good for the housing market in CNY. (c) 2016 Jonathan Gordon

By Jonathan Gordon SYRACUSE, N.Y. (NCC News) – Syracuse, which sees an average of 106 inches of snow per year has only received 72 inches this season, making this winter abnormal.

In addition, the housing market in Onondaga County is heavily influenced by weather.  Historically, the winter months result in fewer homes being sold.

Mark Copley, a homeowner in Liverpool, believes that the winter months stopped his ability to sell his home, even if it wasn’t as bad outside as it has been in the past.

“It’s very hard to breathe, there’s a lot of slips and falls, it’s treacherous out here with the ice and the snow,” Copley said.

His house went on the market back in August, 2015 and as of February, it is no longer listed for sale.

“I had plenty of people coming through here, but once the November time frame hit, it just dwindled down completely due to the cold weather,” Copley said.

But not everyone agrees with Copley’s point of view. Mark Re, the Vice President and General Manager of Realty USA believes the opposite.

He says that Copley’s experience does not reflect the trends of this past winter. According to Re, the warmer winter months resulted in more housing sales.

“Last year in the month of January, in Central New York, we sold 201 homes. This January we sold 239…and I do think that’s because of the mild winter,” said Re.

Re has additional data that reflects that as well. Including the fact that in the first quarter of the year (January, February and March), Realty USA produced 24% of its entire sales for the year. The end of last year was the worst at only 19%.

The City of Syracuse was ranked by Trulia, as the 9th most affordable place to live in the United States.

Snowfall in Syracuse as of March 7, 2016. (c) 2016 Golden Snowball

The percentage of sales by quarter for Realty USA. (c) 2016 Jonathan Gordon

The Top 10 most affordable cities to live in the United States. (c) 2015 Trulia

A seven year look at the number of homes sold in Central New York by month. (c) 2016 Greater Syracuse Association of Realtors