Median Home Price for New York State Nears $300K

Aug 23, 2019

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.

About the author

Phil Hall

Link copied

Published

Aug 23, 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...