CNY sales mixed ALBANY, N.Y. — The red-hot real-estate market continued in April. New York realtors sold 10,528 previously owned homes in the month, a rise of 47.6 percent from the 7,134 homes sold in April 2020. Further large increases in closed home sales are coming in forthcoming months as pending […]
CNY sales mixed
ALBANY, N.Y. — The red-hot real-estate market continued in April. New York realtors sold 10,528 previously owned homes in the month, a rise of 47.6 percent from the 7,134 homes sold in April 2020.
Further large increases in closed home sales are coming in forthcoming months as pending sales nearly tripled in April. That’s according to the New York State Association of Realtors (NYSAR)’s April housing-market report issued May 21.
The sales gains came as the inventory of homes for sale declined for a 17th straight month.
Sales data
Pending sales totaled 14,596 homes in April, up nearly 175 percent from 5,312 in the same month in 2020, according to the NYSAR data.
The April 2021 statewide median sales price was $370,000, up more than 42 percent from the April 2020 median sales price of $260,000.
The months’ supply of homes for sale at the end of April stood at 2.9 months, down more than 38 percent from 4.7 months a year ago, per NYSAR’s report. A 6 month to 6.5 month supply is considered to be a balanced market, per the association.
The number of homes for sale totaled 38,751 in April, down more than 21 percent from 49,195 in April 2020.
Central New York data
Realtors in Onondaga County sold 307 previously owned homes in April, down 7.3 percent from the 331 homes sold in the same month in 2020. The median sales price rose 11.9 percent to more than $177,400 from $158,500 a year ago, according to the NYSAR report.
Realtors sold 124 homes in Oneida County in April, up 18.1 percent from the 105 homes sold during April 2020. The median sales price increased 31.3 percent to $168,000 from $128,000 a year prior.
Realtors in Broome County sold 140 existing homes in April, up 27.3 percent from 110 a year ago, according to the NYSAR report. The median sales price rose 12.4 percent to $128,600 from more than $114,400 a year earlier.
In Jefferson County, realtors closed on 107 homes in April, up 48.6 percent from 72 a year before, and the median sales price of $168,000 was up 18.3 percent from $142,000 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.