Metropolitan Statistical Area (MSA):
Syracuse, NY is a Metropolitan Statistical Area (MSA) comprising counties including .
There are many factors influencing real estate trends in the Syracuse, NY metropolitan statistical area (MSA). The economy is a big one. When the economy is good, people are more likely to buy or upgrade homes. Population growth is another factor. When more people move into an area, there is more demand for housing. This can lead to higher prices and more competition for homes.
The Syracuse MSA has seen some population growth in recent years, but not enough to make a significant impact on the housing market. The economy has also been fairly stagnant. As a result, prices have remained relatively stable and there has not been a lot of movement in the market.
One trend that has emerged in recent years is an increase in rental properties. More people are choosing to rent instead of buy, either because they can't afford a home or because they don't want the responsibility of owning one. This has led to an increase in demand for rental properties and higher prices for those who do choose to rent.