New York home sales fall 8 percent in March

CNY numbers mixed 

New York realtors sold 8,327 previously owned homes in March, down 8.1 percent from 9,064 in March 2018.

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

Sales data

The March 2019 statewide median sales price was $270,000, up almost 6 percent from the year-ago median of $255,000, according to the NYSAR data.

Pending sales totaled more than 11,500 homes in March, off about 1 percent compared to the same month in 2018.

The months’ supply of homes for sale rose about 5 percent at the end of March to 5.7 months’ supply, per NYSAR’s report. It stood at 5.4 months at the end of March 2018.

A 6 month to 6.5 month supply is considered to be a balanced market. 

The number of homes for sale totaled 63,504 this March, up 3.4 percent compared to February 2018.

Central New York data

Realtors in Onondaga County sold 306 previously owned homes in March, up 1.3 percent from 302 a year prior. The median sales price rose more than 6 percent to $138,000 from $130,000 a year ago, according to the NYSAR report.

NYSAR also reports that realtors sold 101 homes in Oneida County in March, down nearly 16 percent from the 120 homes sold during March 2018. The median sales price dipped nearly 1 percent to almost $126,000 from $127,000 a year ago.

Realtors in Broome County sold 117 existing homes in March, up more than 7 percent from 109 a year ago, according to the NYSAR report. The median sales price increased nearly 3 percent to $97,000 from more than $94,000 a year ago.

In Jefferson County, realtors closed on 56 homes in March, down 20 percent from 70 a year ago, and the median sales price jumped nearly 14 percent to $122,000 from almost $107,000 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.