Buffalo among few to gain in home prices

[steven]

Only 35 markets out of 150 across the U.S. showed increases in median prices in the second quarter and Buffalo was among those advancing.

The National Association of Realtors reported the median price in the Buffalo area improved 4.7 percent to $108,200, up from $103,300 in the same period of 2007. That rise was third best in the Northeast, trailing two other Upstate metropolitan areas -- Binghamton and Elmira. Binghamton was up 8.7 percent to $120,900 from $111,200. In Elmira, prices rose 6.6 percent to $76,400 from $71,700, still one of the most affordable markets in the U.S.

http://www.bizjournals.com/buffalo/s...l?surround=lfn

[BuffalosFinest]

Wow. That is interesting.

[leftWNYbecauseofBS]

Some of the highest taxes in the nation as well. Only gets higher when property values increase.