New York home sales slide 6 percent in November

CNY sales numbers were mixed        

ALBANY — New York realtors sold 10,522 previously owned homes in November, down 6 percent from the 11,190 homes that changed hands a year ago as the inventory of available homes fell.

That’s according to the New York State Association of Realtors (NYSAR)’s November housing-market report issued Dec. 19.

Sales data

The inventory of homes for sale in the state totaled 64,221 homes in November, down 6.3 percent from 68,555 homes in November 2018.

The months’ supply of homes for sale at the end of November stood at 5.7 months, down 8 percent from 6.2 months a year ago, per NYSAR’s report. A 6 month to 6.5 month supply is considered to be a balanced market. 

New listings fell 7.9 percent to 11,484 homes in November from 12,464 a year prior.

Pending sales totaled 9,329 homes in November, up 1.9 percent from 9,153 in November 2018.

The statewide median sales price rose 3.7 percent to $280,000 in November from $270,000 a year earlier, according to the NYSAR data.

Central New York numbers

Realtors in Onondaga County sold 432 previously owned homes in November, up 3.8 percent from 416 in the same month in 2018. The median sales price rose 1.9 percent to $152,500 from $149,700 a year prior, according to the NYSAR report.

NYSAR also reports that realtors sold 154 homes in Oneida County in November, down 4.3 percent from 161 homes sold in November 2018. The median sales price rose 3.3 percent to $130,190 from $126,000 a year ago.

Realtors in Broome County sold 131 existing homes in November, up 9.2 percent from 120 a year before, according to the NYSAR report. The median sales price decreased 2.4 percent to $120,936 from $123,968 in November 2018.

In Jefferson County, realtors closed on 115 homes in November, up 23.7 percent from 93 a year prior, and the median sales price of $159,395 was up 33.7 percent from $119,225 a year ago, according to the NYSAR data.

All home-sales data is compiled from multiple-listing services in New York state and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.