A Strong September for New York State’s Housing Market

Phil Hall

Oct 29, 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

New York State’s housing market recorded upward motion in sales, listings and median prices during September, according to data from the New York State Association of Realtors.

Last month, New York saw closed sales on 11,467 units, a 1.6-percent year-over-year increase. New listings were up 7.5 percent to 18,161 homes and pending sales rose 7.6 percent to 11,182 properties. Median sales prices rose in September by 5.7 percent to $280,000.

For the third quarter, however, closed sales were down 0.8 percent to 38,722 homes. There were 56,361 new listings during this quarter, a 1.2 percent increase, while pending sales rose 4.9 percent to 37,766 homes. Quarterly prices took a 5.5 percent upswing to $290,000.

Link copied

Published

Oct 29, 2019

Analysis and Data

Pending Home Sales Decline By 1.5% In October

Rising mortgage rates and limited inventory cast a shadow on real estate market.

Pending home sales dropped 1.5% in October, according to the National Association of Realtors (NAR). It marks a concerning trend for the housing market and reveals a challenging landscape for potential buyers and sellers, influenced by factors such as rising mortgage rates a...

People On The Move

CSBS Appoints New CEO

Brandon Milhorn to succeed James Cooper

The Conference of State Bank Supervisors will have a new chief as of next week, the national organization of financial regulators announced. The CSBS’ Board of Directors appointed Brandon Milhorn to succeed current President and CEO James Cooper, effective Dec. 4. Cooper, ...