Single-Family Home Sales Price
What does this measure?
The median price (in 2011 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 2011, the median single-family home sale price was $111,000 in Cayuga and $112,000 in Seneca, up 29% in Cayuga and 14% in Seneca since 2000. That compares to an increase of 5% at the state level (excluding NYC). Among comparison counties, Onondaga and Oswego saw large increases over the decade (19% and 15%, respectively) while Ontario and Wayne had the smallest increases over the decade (11% and 8%, respectively). In 2011, Oswego had the lowest median home sale price ($95,000) while Ontario had the highest prices ($144,000).
Notes about the data
Figures are in constant 2011 dollars.