Fewer Sales, Higher Prices in New York State

Nov 21, 2018

Last month saw fewer sales and higher prices in New York’s housing market, according to data from the New York State Association of Realtors.

The 70,704 homes for sale across the Empire State in October represented a 1.3 percent decline from one year earlier, and the 12,359 closed sales during the month was a 3.1 percent drop from the 12,751 sold in October 2017. The year-to-date sales total of 109,874 units is 2.3 percent below the same period last year.

At the same time, the median sales price reached $260,000 in October, a 6 percent spike from the $245,260 figure recorded one year ago. Also, there were 16,670 new home listings in October, a 5.7 percent increase from the 15,778 sold in October 2017; the 184,328 year-to-date new listings represented the most in New York since 2015.

But the houses for sale were selling fast: The days on the market fell by from 74 in October 2017 to 69 days last month, while the month’s supply remained unchanged at 6.3 months.

About the author

Phil Hall

Link copied

Published

Nov 21, 2018

Analysis and Data

‘Great Opportunity To Trim Fat’ At Fannie Mae, FHFA Director Pulte Says

Fannie Mae’s net income falls 11% from Q4 2024 as net worth climbs nearly 4% to $98.3B

Fannie Mae this morning reported it had $3.66 billion in net income for the first quarter of 2025, down from net income of $4.13 billion for the prior quarter. The company, however, now has a net worth of $98.3 billion as of March 31, 2025, up nearly 4% from $94.7 billion at...

Courts

Wisconsin Accused Of ‘Home Equity Theft’

Homeowners seek to recover tens of thousands as Wisconsin joins nationwide crackdown on $20,000–$240,000 ‘home equity theft’ windfalls

A handful of foreclosed homeowners are suing several Wisconsin counties to recoup the excess proceeds from the sale of their properties. Wisconsin recently joined 40 or so other states to block jurisdictions within its borders from keeping the entire proceeds from foreclo...