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Buffalo housing: Inventory still low and prices high

Buffalo housing: Inventory still low and prices high

Buffalo housing

A recent Buffalo News article highlighted that inventory is still at low levels as closed sales declined 30% in December year on year. This low inventory contributed to the continued increase in prices as December saw a 3.4% year over year increased. Prices are likely still constrained by the higher interest rate environment.

Overall, still a very good time to be a seller, though deals can still be had by discerning buyer.

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