A Strong September for New York State’s Housing Market

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.

About the author

Phil Hall

Link copied

Published

Oct 29, 2019

People On The Move

Figure Technology Solutions Names Michael Tannenbaum New CEO

Founder and former CEO, Mike Cagney, assumes the role of executive chairman.

Figure Technology Solutions (FTS), parent company of five-days-to-close HELOC originator, Figure Lending, announced today the appointment of Michael Tannenbaum as chief executive officer (CEO) and a member of the Board of Directors. Co-founder and previous CEO of the company...

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...