New York home sales decline 4 percent in May, NYSAR says

New York realtors sold 10,430 previously owned homes in May, down 4.4 percent from the 10,913 homes sold in May 2018.

That’s according to the New York State Association of Realtors’ (NYSAR) new monthly housing-market report issued June 24.

Sales data

The May 2019 statewide median sales price was more than $273,000, up 6 percent from the May 2018 median of nearly $258,000, according to the NYSAR data.

Pending sales totaled 13,604 homes in May, a rise of 0.4 percent from 13,552 a year prior.

The months’ supply of homes for sale rose nearly 2 percent at the end of May to a 6.2-month supply, NYSAR reported. It stood at 6.1 months at the end of April 2018. A 6-month to 6.5-month supply of homes for sale is considered to be a balanced market, the association says.

The number of homes for sale totaled 69,118 in May, off 0.1 percent from May 2018.

Central New York data

Realtors in Onondaga County sold 397 previously owned homes in May, down nearly 14 percent from the 460 sold in the same month in 2018. The median sales price rose over 3 percent to $155,000 from $150,000 a year ago, according to the NYSAR report.

NYSAR also reports that realtors sold 168 homes in Oneida County in May, up nearly 2 percent from the 165 sold during May 2018. The median sales price rose 6.6 percent to $130,000 from nearly $122,000 a year ago.

Realtors in Broome County sold 159 existing homes in May, up more than 14 percent from 139 a year ago, according to the NYSAR report. The median sales price decreased 9.5 percent to $105,000 from $116,000 a year ago.

In Jefferson County, realtors closed on 106 homes in May, down almost 3 percent from 109 a year ago, and the median sales price of $139,500 was up 5.5 percent from $132,200 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.