The Tight Buffalo Niagara Housing Market Gets Tighter

July 13, 2019

The Buffalo Niagara housing market is tighter than ever, but there are signs that the upward pressure on home prices is starting to lose some steam.

Home prices still are rising at a moderate pace, but the pace of the increase slowed during June. Homes are still selling quickly, but the houses that sold last month also took almost a week longer to find a buyer than they did during June of last year.

Home sales are strong, but still below last year’s pace as rising prices cut into affordability and record low listings limit the choices buyers have, according to new data from the Buffalo Niagara Association of Realtors.
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