ALBANY — New York realtors sold 11,467 previously owned homes in September, up 1.6 percent from the 11,289 homes sold in September 2018. That’s according to the New York State Association of Realtors (NYSAR)’s September housing-market report issued on Oct. 22. “Buoyed by a strong economy and continued low mortgage rates, the New York State […]
ALBANY — New York realtors sold 11,467 previously owned homes in September, up 1.6 percent from the 11,289 homes sold in September 2018.
That’s according to the New York State Association of Realtors (NYSAR)’s September housing-market report issued on Oct. 22.
“Buoyed by a strong economy and continued low mortgage rates, the New York State housing market showed an upward climb in sales and listings in September,” NYSAR said in its report,
Sales data
The September 2019 statewide median sales price was $280,000, up 5.6 percent from the September 2018 median of $265,028, according to the NYSAR data.
Pending sales totaled 11,182 homes in September, up 7.6 percent from 10,394 homes a year prior.
The months’ supply of homes for sale at the end of September was 6.4 months, per NYSAR’s report. It stood at 6.6 months at the end of September 2018.
A 6-month to 6.5-month supply is considered to be a balanced market.
The number of homes for sale totaled 71,737 in September, down 2.9 percent from 73,857 homes in September 2018.
Central New York data
Realtors in Onondaga County sold 479 previously owned homes in September, up 3.5 percent from the 463 homes sold in the same month in 2018. The median sales price rose 2.5 percent to $153,700 from $150,000 a year prior, according to the NYSAR report.
The association also reports that realtors sold 172 homes in Oneida County in September, down 17.7 percent from the 209 homes sold in in the year-ago month. The median sales price rose almost 4 percent to $132,000 from more than $127,000 a year ago.
Realtors in Broome County sold 151 existing homes in September, down 5 percent from the 159 homes sold during the same month in 2018, according to the NYSAR report. The median sales price increased 5 percent to $125,000 from $119,000 a year ago.
In Jefferson County, realtors closed on 104 homes in September, down from 105 a year earlier, and the median sales price of more than $152,000 was up 12 percent from $136,000 in September 2018, 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.