Skip to main content

New York Marks 41st Month of Annual Median Sales Price Increases

Phil Hall
Jun 25, 2019
While the rest of the state remains on pause due to contain the spread of COVID-19, New York’s real estate industry has been given the green light to return to limited activity

Home sales prices and housing inventory were on the rise in New York during May, but closed sales were in decline, according to new data from the New York State Association of Realtors.
 
There were 69,118 homes for sale in May, the highest number in the state since October 2018. But more homes for sale did not translate into more sales: the 10,430 closed sales in May represented a 4.4 percent decline from one year earlier, while the 13,604 pending sales was a scant 0.4 percent higher from the previous year.
 
Nonetheless, the median sales price rose six percent year-over-year to $273,200, which made May the 41th consecutive month for annual increases in the median sales price. The month’s supply of homes for sale was up 1.6 percent year-over-year to a 6.2-month supply, while the number of days a house was on the market decreased from 79 in May 2018 to 75.


 
Published
Jun 25, 2019
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021