Pending Home Sales and Prices Up in New York State – NMP
Industry News

Pending Home Sales and Prices Up in New York State

May 22, 2019
Photo credit: Getty Images/wellesenterprises

There were 21,192 new listings and 12,835 pending sales in New York during April, according to new data from by the New York State Association of Realtors. This represents a 2.4 percent year-over-year increase in listings and a 1.2 percent year-over-year increase in sales.
 
Median sales prices in the state during April shot up by 6.3 percent $271,000, marking the 40th consecutive month that the median sales price is up in a year-over-year comparison. Inventory inched up from April 2018 by 1.1 percent to 64,531 homes for sale across the state, with a 5.8-month supply of homes.
 
The most significant downward movement in the state last month involved closed sales: 8,931 transactions, down 2.3 percent year-over-year.
 
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Phil Hall
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May 22, 2019
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