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Business

Fewer houses sold in February in Western New York than in the same month in each of the past two years, as it became increasingly more difficult for buyers to find their dream homes. But those that did sell garnered the highest prices ever paid in the depths of winter. New data from the Buffalo Niagara Association of Realtors showed closed sales fell 13.2 percent…

Business

Home prices set another record high in the Buffalo Niagara region during January, as a dearth of available homes continues to drive up home values even as fewer homes change hands. As a result, buyers continue to compete heavily for the best houses, and pay up when they find them. The average sales price soared 16 percent to $165,021 in January, while the median price –…

Business

The final results are in, and the Buffalo Niagara housing market set what appear to be records for highest prices and lowest inventory of homes for sale last year, as the robust activity continued all year long. According to new data from the Buffalo Niagara Association of Realtors, the median price for the year soared to a record $140,000, up 7.7 percent and easily bes…

Business

Western New York is on track for the second-best year on record for home sales, as prices and transaction volume continue to hit at or near their peaks. But the new federal tax reform legislation could put a damper on that in the future. With just a few weeks to go in the year, the level of home sales activity is already poised to surpass that of 2015, and in some ca…