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Wendy VanOven Lic. RE Salesperson, Binghamton, NY (2026)

03/15/2026

🏠The most important documents homeowners need during tax season:

🧐realtor.com Full Article: https://www.realtor.com/advice/finance/tax-documents-homeowners-1099-1098-w2/

03/15/2026

What to know about home loan approval for your FHA mortgage. https://www.fha.com/define/loan-approval

03/15/2026

You can buy a home with bad credit, but following pro tips can help you improve your credit before you apply for a mortgage.

03/15/2026

𝐆𝐫𝐞𝐚𝐭𝐞𝐫 𝐁𝐢𝐧𝐠𝐡𝐚𝐦𝐭𝐨𝐧 𝐇𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 – 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟔: The local housing market continues to move quickly as we head into the spring season. Here’s a snapshot of what’s happening across Broome County and the Greater Binghamton area.

Median Home Price

Home values have continued to trend upward.

• Median sale price: around $185,000

While that’s still very affordable compared with most parts of the country, the steady increase reflects continued demand and limited housing supply.

Housing Inventory

Inventory remains tight heading into spring.
• Roughly 300 homes available county-wide in early 2026 (includes active pending)
• Active listings have declined slightly year-over-year.

Low inventory means well-priced homes are still attracting strong interest from buyers.

Days on Market

Homes are continuing to sell relatively quickly.
• Many homes go under contract in about 16–21 days on average. Many homes that have updated kitchens and baths using quality materials and paints are selling a bit quicker.

That’s faster than the national average and shows the market remains competitive.

Mortgage Interest Rates

Interest rates have improved compared to last year.
• 30-year fixed mortgage: around 6.0%
• 15-year mortgage: roughly 5.4%.

Rates are expected to hover around the 6% range during 2026, which could help bring more buyers back into the market.

Local Development

Economic activity continues around the region with ongoing discussions and planning around:
• retail expansion opportunities
• redevelopment projects in Broome County
• infrastructure and community investment efforts

These types of projects can influence housing demand by bringing jobs, services, and new residents to the area and are reported here.

What It Means

• Buyers still face limited inventory but slightly improved financing conditions.
• Sellers continue to benefit from strong demand and relatively quick sales.
• Spring typically brings more listings, which could help balance the market.

If you follow local development and housing trends in the Greater Binghamton area, it’s an interesting time to watch how the market evolves as we move deeper into 2026.

What are you seeing in your neighborhood?
Are homes selling quickly where you live?

02/01/2026

You’ve thought about selling your home—but it’s a big step. You’re not sure whether it’s the right time. These seven discussion questions can help you think through the decision.