ALBANY — New York realtors sold 13,492 previously-owned homes in August, down 8.3 percent from 14,708 homes sold in the year-ago period. That’s according to the New York State Association of Realtors (NYSAR)’s July housing-market report issued on Sept. 20. Sales data The August 2019 statewide median sales price was $296,900 up 8 percent from […]
ALBANY — New York realtors sold 13,492 previously-owned homes in August, down 8.3 percent from 14,708 homes sold in the year-ago period.
That’s according to the New York State Association of Realtors (NYSAR)’s July housing-market report issued on Sept. 20.
Sales data
The August 2019 statewide median sales price was $296,900 up 8 percent from the August 2018 median of $275,000, according to the NYSAR data.
Pending sales totaled 12,756 homes in August, down 1.1 percent from 12,902 a year prior.
The months’ supply of homes for sale at the end of August was 6.4 months, per NYSAR’s report. It stood at 6.6 months at the end of August 2018. A 6-month to 6.5-month supply is considered to be a balanced market, the association says.
The number of homes for sale totaled 71,230 in August, a decrease of 3.2 percent from 73,586 in August 2018.
Central New York data
Realtors in Onondaga County sold 514 previously owned homes in August, down nearly 16 percent compared to the 610 sold in the same month in 2018. The median sales price rose more than 5 percent to nearly $159,000 from almost $151,000 a year ago, according to the NYSAR report.
NYSAR also reports that realtors sold 206 homes in Oneida County last month, down more than 7.5 percent compared to the 223 sold during August 2018. The median sales price dipped 2 percent to $135,000 from nearly $138,000 a year ago.
Realtors in Broome County sold 171 existing homes in August, one fewer than the same month in 2018, according to the NYSAR report. The median sales price increased more than 5 percent to $132,500 from almost $126,000 a year prior.
In Jefferson County, realtors closed on 113 homes in August, down about 16 percent from 134 homes sold a year before, and the median sales price of $160,000 was up about 5.5 percent from more than $151,000 a year earlier, 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.