Syracuse, N.Y.

Syracuse posted one of the strongest price increases in the Northeast last year, according to the NAR. Data from John Burns real Estate Consulting shows it has a low 23 percent ratio of housing costs to income.
Median price end of 2007: $126,300
Median price end of 2006: $115,400
% change: + 9.4%
Projected change through Q3 2008: + 3.4%
Affordability rating: 3.6
Foreclosures in 2007:
(1 for every 779 households)
364
Foreclosures in 2006:
(1 for every 1,784 households)
159
Change in foreclosures: +128.9%
Current rate comparison
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Price trends

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June ’06: National median price $227,100
Dec. ’06: National median price $221,900
Dec. ’06: Local median price $115,400
June ’07: National median price $229,200
Dec. ’07: National median price $198,700
Dec. ’07: Local median price $126,300
* Median prices for existing single-family homes