Single-Family Home Sales Price
What does this measure?
The median price (in 2010 dollars) of single family homes sold in a year.
Why is this important?
Home sales are an important part of the economy, a measure of consumer spending and confidence, as well as a general indicator of the overall health of the community.
How are Cayuga and Seneca counties performing?
In 2010, the median single–family home sale price was $106,750 in Cayuga and $98,000 in Seneca, up 28% in Cayuga and 3% in Seneca since 2000. That compares to an increase of 23% at the state level (excluding NYC). Among comparison counties, Onondaga and Oswego saw large increases over the decade (24% and 18%, respectively) while Ontario and Seneca had the smallest increases over the decade (5% and 3%, respectively). Oswego had the lowest median home sale price ($95,000) while Onondaga and Ontario counties had the highest prices (both $132,000).
Notes about the data
Figures are in constant 2010 dollars.