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.

About the author

Phil Hall

Link copied

Published

May 22, 2019

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...

Analysis and Data

Homebuying Excitement Is Up Among Veterans

Survey results indicate optimism about housing market among U.S. veterans and service members

Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. The amount of veterans and service members who plan to purchase a home in the next six months was up by 15 percentage points year-over-year, according to the Veterans Homebuying Re...