The median sales price for homes in New York State increased for the 43rd consecutive month in July, according to new data from New York State Association of Realtors.
The state’s median sales price last month hit $299,950, up 7.1-percent increase from July 2018. Last month saw 13,355 pending sales, up 5 percent year-over-year. However, closed sales were down over the same period by 2.1 percent to 12,733 houses.
In July, New York State saw new listings for 132,918 units, a 1 percent increase from the previous year. Days on the market remained unchanged year-over-year at 63 days while the months’ supply of inventory dropped by 1.5 percent to 6.5 months.