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How is Buffalo’s House Market Performing?

Home values in Buffalo have been appreciating greatly over the last few years. According to HSH.com’s home price recovery index*, Buffalo is one of 10 metro areas in the U.S. where home values have recovered the most. One might say that Buffalo never hit the boom when other cities such as Boston and Chicago were climbing, but at the same time, the city’s home values have been performing quite well as of late.

In the second quarter of 2017, home prices in the Buffalo metro are now 32.83 percent above their mid-2000s “boom-era” values, ranking No.9 out of a list of the 100 largest metropolitan areas.

To see where the Buffalo area ranks in terms of home price recovery, see the full list of 100 metro areas here.

*HSH.com’s “Home price recovery index” uses the Federal Housing Finance Agency’s (FHFA) Home Price Index as a basis to determine which housing markets have fully recovered (or more) and which still lag behind the housing recovery. Readers interested in seeing how market gyrations have affected their home’s value while they’ve owned it should plug their numbers into HSH.com‘s “Home Value Estimator” to track gains or losses over that time.

Written by Buffalo Rising

Buffalo Rising

Sometimes the authors at Buffalo Rising work on collaborative efforts in order to cover various events and stories. These posts can not be attributed to one single author, as it is a combined effort. Often times a formation of a post gets started by one writer and passed along to one or more writers before completion. At times there are author attributions at the end of one of these posts. Other times, “Buffalo Rising” is simply offered up as the creator of the article. In either case, the writing is original to Buffalo Rising.

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