BUFFALO, N.Y. (WIVB)–The median sale price for a home in the Buffalo market jumped nearly 24-percent in May to about 170-thousand dollars, outpacing the national average and once the “for sale” sign goes up, it is on the market for seven days.
“If the house is in good shape, it is in a good location, you are probably going to get more than you are asking for the property. That is the thing. We have situations where we have 20, 30, 40 offers on one house in some instances,” said Fred Corsi, Western New York President of Howard Hanna Real Estate.
Corsi says demand is the driving force behind the high prices and low inventory, but there is a reason.
“We say to sellers, look you are going to get a lot more money than you would have previously if you sell now. But the challenge is you are going to pay more when you go to buy.”
Not a problem for Donna Kreil, who sold a double, but still has a home, separately.. avoiding real…