Multiple Upstate New York counties were among the fastest places to sell a home nationwide in February, according to new data.
Three counties in the region were in the top 50 in the U.S. for median number of days on market for single-family homes, according to figures from Redfin, a national real estate brokerage. The data includes 697 counties with at least 50 home sales for February, which was the most recent month available.
Monroe County (Rochester) was No. 1 in New York and tied for fourth in the nation with a median days on market of 12. Erie County (Buffalo) was second in New York and No. 28 in the U.S. at 23.
Albany County followed at 24 days, ranking it 33rd in the nation.
Other Upstate counties, including Broome, Schenectady and Niagara, were in the top 100 in the country.
Onondaga County ranked 109th in the U.S. in February with a median of 36 days on market per single-family home sold.
Homes having been selling at historically fast rates across Upstate New York in recent years.
Before the Covid-19 pandemic hit, single-family homes often took months to sell. Now, it’s days or weeks.
The trend is driven in part by a low number of homes for sale across the region. That has led to stiff competition among buyers for the properties that are available.
Waived inspections, cash offers and bidding wars are now all commonplace, local real estate experts have said.
Experts have also said the situation is likely to continue for some time, possibly years.
You can see details of median days on market for counties across Upstate New York in the table below.
If you can’t see the table, click here to open it in a new window.
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