BREAKING NEWS State puts hold on Phase 2, but county will not stop businesses from reopening as planned Full Story

More millennials looking to buy homes

A recent study from realtor.com said more millennials are looking at buying homes, and Utica ranked third in the country.

Posted: Apr 30, 2018 7:27 PM
Updated: Apr 30, 2018 11:21 PM

UTICA- A recent study from realtor.com said more millennials are looking at buying homes, and Utica ranked third in the country.

Local licensed real estate broker, David A. Paciello said the statistics are true. He said within the past year, he's seeing more millennials coming to him interested in buying homes, more than ever before. He said just a couple years ago, the baby boomers were more interested in buying houses.

Paciello said currently, the market appeals to sellers which means there's more competition for the buyer. He said because of that, the prices for homes have increased. Utica's average price for a home is between $100,000 and $120,000. Paciello said this isn't stopping millennials from buying homes. "Millennials as a whole have waited much longer than your traditional buyer to purchase a home, where as prior generations were buying homes in their early to mid 20's," he said. "Millennials have been waiting sometimes into their early 30's, but this goes back to that demand. That pent up demand is kind of driving this strong market which is why Utica is where it is in the standings," said Paciello.

Paciello also told NEWSChannel 2, he's had to hire more realtors to keep up with the demand.

New York Coronavirus Cases

County data is updated nightly.

Confirmed Cases: 366733

Reported Deaths: 29529
CountyConfirmedDeaths
New York City20105121415
Nassau401402114
Suffolk393591871
Westchester332931357
Rockland13076626
Orange10325443
Erie5886504
Dutchess3867138
Monroe2824198
Onondaga2054127
Albany181476
Ulster165874
Sullivan135130
Putnam123658
Niagara98463
Oneida95946
Schenectady67629
Broome54544
Rensselaer46928
Saratoga46811
Columbia38032
Madison31010
Warren25326
Steuben24141
Greene23618
Washington23113
Orleans21233
St. Lawrence2012
Ontario2019
Fulton20018
Genesee1974
Tompkins1560
Chemung1361
Tioga12621
Chenango1260
Livingston1187
Wayne1123
Oswego1073
Herkimer1063
Clinton954
Cattaraugus850
Cayuga841
Montgomery824
Wyoming825
Chautauqua814
Delaware784
Jefferson720
Otsego705
Seneca560
Schoharie490
Allegany450
Yates396
Cortland390
Essex360
Lewis200
Franklin200
Schuyler110
Hamilton50
Unassigned00
Utica
Few Clouds
74° wxIcon
Hi: 79° Lo: 70°
Feels Like: 74°
Oneonta
Overcast
70° wxIcon
Hi: 76° Lo: 69°
Feels Like: 70°
Herkimer
Few Clouds
74° wxIcon
Hi: 80° Lo: 71°
Feels Like: 74°
Thendara
Clear
75° wxIcon
Hi: 75° Lo: 65°
Feels Like: 75°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Click here to learn more about A Healthier Mohawk Valley
Saluting Those Who Are Proud 2 Serve
Senior Send-Off brought to you by Herkimer College
Menu 2 Go list of takeout dinners & fish fries
Apply to Go the Distance 2020
23 courses for only $79.99