New York home sales slip more than 8 percent in November

CNY sales also fall    

ALBANY, N.Y. — New York realtors closed on the sale of 12,614 previously owned homes in November, down 8.3 percent from the 13,758 homes they sold in November 2020, as housing inventory remained tight.

However, pending sales in the month climbed nearly 12 percent, indicating that closed sales may rise in forthcoming months.

That’s according to the New York State Association of Realtors (NYSAR) November housing-market report issued Dec. 22.

New York sales data

Pending sales totaled 12,792 in November, an increase of 11.6 percent compared to the 11,462 pending sales in the 11th month of 2020, according to the NYSAR data.

The November 2021 statewide median sales price was $370,000, up 12 percent from the November 2020 median sales price of $330,000.

The months’ supply of homes for sale at the end of November stood at 2.8 months’ supply, down 35 percent from 4.3 months a year earlier. A 6 month to 6.5 month supply is considered to be a balanced market, per NYSAR.

The number of homes for sale totaled 36,822 this past November, down nearly 27 percent from 50,355 in November 2020.

Central New York data

Realtors in Onondaga County sold 459 previously owned homes in November, down 4.6 percent from 481 homes sold in the same month in 2020. The median sales price rose 5.7 percent to $185,000 from $175,000 a year ago, according to the NYSAR report.

NYSAR also reports that realtors sold 170 homes in Oneida County in November, down 15 percent from the 200 they sold during November 2020. The median sales price increased more than 9 percent to nearly $170,000 from over $155,500 a year ago.

Realtors in Broome County sold 152 existing homes in November, down 8.4 percent from 166 a year prior, according to the NYSAR report. The median sales price rose almost 8 percent to $151,000 from nearly $140,000 a year earlier.

In Jefferson County, realtors closed on 125 homes in November, off 6.7 percent from 134 a year ago, and the median sales price of $191,000 was up 11 percent from $172,000 a year before, 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.