New York home sales dip in April, CNY numbers mixed

New York realtors sold 8,931 previously owned homes in April, down 2.3 percent from the 9,143 homes they sold in April 2018. That’s according to the New York State Association of Realtors (NYSAR)’s April housing-market report. Sales data The April 2019 statewide median sales price was $271,000, up more than 6 percent from the year-ago median […]

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New York realtors sold 8,931 previously owned homes in April, down 2.3 percent from the 9,143 homes they sold in April 2018.

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

Sales data

The April 2019 statewide median sales price was $271,000, up more than 6 percent from the year-ago median of $255,000, according to the NYSAR data.

Pending sales totaled 12,835 in April, up about 1 percent from the same month in 2018.

The months’ supply of homes for sale rose more than 3 percent at the end of April to 5.8 months’ supply, per NYSAR’s report. It stood at 5.6 months at the end of April 2018. A supply of 6 months to 6.5 months is considered to be a balanced market. 

The number of homes for sale totaled 64,531 in April, an increase of 1.1 percent from April 2018.

Central New York data

Realtors in Onondaga County sold 306 previously owned homes in April, down nearly 16 percent from 363 in the same month in 2018. The median sales price rose more than 5 percent to nearly $148,000 from more than $140,000 a year ago, according to the NYSAR report.

NYSAR also reports that realtors sold 108 homes in Oneida County in April, down almost 27 percent from 148 in April 2018. The median sales price increased nearly 2 percent to $120,000 from $118,000 a year ago.

Realtors in Broome County sold 112 existing homes in April, down nearly 19 percent from 138 a year ago, according to the NYSAR report. The median sales price increased 10 percent to $115,000 from $104,500 a year ago.

In Jefferson County, realtors closed on 82 homes in April, up almost 11 percent from 74 a year ago, and the median sales price of more than $146,000 was up nearly 12 percent from $131,000 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.

Eric Reinhardt

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