Buffalo, NY Real Estate Blog


Housing statistics indicate a healthy marketplace

The Buffalo Niagara Association of Realtors often provides us with important information related to real estate sales and trends. Their May 2016 report reflects data collected in February and March. Here are some interesting statistics that we pulled from the report: • We are in the thick of an exciting period of home buying and [MORE…]


Baby Boomers are on the move

According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement. As one participant in the study stated: “In retirement, you have the chance to live anywhere you want. Or you can just stay [MORE…]


The top five reasons you should not ‘for sale by owner’

In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. Here are five of those reasons: 1. [MORE…]


14,986 homes sold yesterday… did yours?

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… if it hasn’t sold yet, maybe it’s not priced properly. After all 14,986 houses sold yesterday, 14,986 will sell today and 14,986 will sell tomorrow. 14,986! That is [MORE…]


How to get the most money when selling your house

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a little low This may seem counterintuitive. However, let’s look at this concept [MORE…]


Low inventory causes home prices to accelerate

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, chief economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant ramp-up in new home [MORE…]


Homes selling quickly across the country

According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014. 32% of homes across the country were on the market for less [MORE…]


Three charts that scream ‘List your home today’

In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower [MORE…]


Existing home sales bounce back [Infographic]

Some Highlights: Sales in December were 14.7% higher than those in November, marking the largest month-over-month increase ever recorded. Inventory levels are still below historic norms at 3.9-months supply. Median home price is up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains. For more information, please contact The Olear Team [MORE…]


Thinking of selling? Why now may be the time

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring [MORE…]