ALBANY — Realtors in New York state sold 8,207 previously owned homes in November 2025, down 9.1 percent from the 9,030 homes they sold in November 2024. At the same time, pending sales fell less than 1 percent, pointing to possible narrower declines in closed home sales in the next couple of months, according to […]
ALBANY — Realtors in New York state sold 8,207 previously owned homes in November 2025, down 9.1 percent from the 9,030 homes they sold in November 2024.
At the same time, pending sales fell less than 1 percent, pointing to possible narrower declines in closed home sales in the next couple of months, according to the November housing report issued on Dec. 19 by the New York State Association of Realtors (NYSAR).
“Home sales across New York State slowed in November, as closed sales declined and new listings and pending sales dipped slightly, while home prices continued to post strong gains,” NYSAR said to open its announcement about the November housing report.
Mortgage rates continued to hold steady in November. NYSAR cited Freddie Mac as indicating the average rate on a 30-year, fixed-rate mortgage was 6.24 percent in November, down slightly from 6.25 percent in October. In comparison, November’s average rate was down more than one-half of a percentage point from the average of 6.81 percent in November 2024.
Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation.
New York sales data
New listings of existing homes for sale in the Empire State fell 2.4 percent to 8,352 in November 2025 from 8,555 a year earlier.
Statewide housing inventory reached 27,715 units this past November, up 0.9 percent from November 2024’s total of 27,467 available homes.
Pending sales in New York totaled 7,757 in November 2025, a decrease of 0.7 percent from the 7,810 pending sales in the same month a year prior, according to the NYSAR data.
The months’ supply of homes for sale at the end of November 2025 stood at a 3.1 month supply, unchanged compared to the end of November 2024, per NYSAR’s announcement. A 6 month to 6.5-month supply is considered a balanced market, the association stipulates.
Even though closed home sales dipped, home prices continued to rise in New York. The median home-sales price was $420,000 this past November, up 5 percent from the $400,000 price tag in November 2024.
All home-sales data is compiled from multiple-listing services in New York, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.
