How New York’s housing market remains competitive despite soaring prices

Even as home prices in Upstate New York have doubled in places like Buffalo, the real story is how fierce the competition remains for buyers. The shortage of available homes—especially with many properties aging and fewer new builds—continues to drive demand. From my 34 years overseeing property sales and asset management, I’ve seen how limited inventory makes every transaction more challenging, particularly for first-time buyers hoping to get their start. Boosting the supply of homes is essential to making the market more accessible, and it’s something I keep top of mind when guiding clients through these competitive conditions.