The drop ends a streak of 12 straight monthly gains ALBANY — New York realtors sold 13,274 previously owned homes in September, down 4.6 percent from 13,907 homes sold in September 2020. The data comes from the New York State Association of Realtors’ (NYSAR) September housing-market report issued Oct. 21. The decline broke a string […]
The drop ends a streak of 12 straight monthly gains
ALBANY — New York realtors sold 13,274 previously owned homes in September, down 4.6 percent from 13,907 homes sold in September 2020.
The data comes from the New York State Association of Realtors’ (NYSAR) September housing-market report issued Oct. 21.
The decline broke a string of 12 consecutive months of rising closed sales. However, pending sales in September fell by a greater amount, nearly 13 percent, pointing to further declines in closed sales in forthcoming months.
New York sales data
Pending sales totaled 13,588 in September, down 12.9 percent from 15,607 pending sales in the same month in 2020, according to the NYSAR data.
Home prices continued to jump amid tight inventory and rising prices in the broader economy.
The September 2021 statewide median sales price was $378,000, up 18.5 percent from the September 2020 median sales price of $319,000. The New York state housing market has seen 17 straight months of median sales-price increases in year-over-year comparisons.
The months’ supply of homes for sale at the end of September stood at 3.2 months, down 35 percent from 4.9 months at the end of September 2020.
A 6 month to 6.5-month supply is considered to be a balanced market, NYSAR says.
The number of homes for sale totaled 42,849 in September, down nearly 22 percent from 54,863 homes in September 2020. The inventory of homes for sale has declined for 23 straight months in year-over-year comparisons, according to NYSAR.
Central New York data
Realtors in Onondaga County sold 487 previously owned homes in August, down 4.7 percent from the 511 homes sold in the same month in 2020. The median sales price rose 2.8 percent to $185,000, from $180,000 a year ago, according to the NYSAR report.
The association also reports that realtors sold 193 homes in Oneida County in September, down 5.9 percent from the 205 homes sold in September 2020. The median sales price increased 13 percent to $170,000 from $150,500 a year prior.
Realtors in Broome County sold 179 existing homes in September, down 8.7 percent from 196 a year earlier, according to the NYSAR report. The median sales price rose 18.4 percent to $159,900 from $135,000 a year ago.
In Jefferson County, realtors closed on 148 homes in September, up less than 1 percent from 147 a year before, and the median sales price of $204,700 was up 26 percent from $162,500 in September 2020, 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.
