New York home sales dip 1 percent in June, but inventory rises

ALBANY, N.Y. — Realtors in New York state closed on the sale of 8,879 previously owned homes this June, a drop of 1.3 percent from the 8,996 homes they sold in June 2024, but improvement in a pair of other key indicators may boost the housing market going forward. Pending home sales in the state rose 3.1 percent to 10,642 in June from the 10,327 pending sales in the same month in 2024, foreshadowing possible gains in closed home sales in the next couple of months. That’s according to the June housing report issued by the New York State Association of Realtors (NYSAR) on June 23. The statewide inventory of homes for sale reached 30,254 units in June, a 3.9 percent increase from June 2024’s total of 29,110 available homes. That’s the fourth straight month of inventory growth and represents the most homes on the market in New York state since November 2022, NYSAR said. New listings of existing homes increased 5.9 percent to 14,985 this June from 14,150 a year earlier. Mortgage rates gradually declined throughout June, ending the month with an average 30-year fixed rate of 6.82 percent, NYSAR said, citing Freddie Mac data. That’s a “modest improvement” from the same time last year when the 30-year rate averaged 6.92 percent, the association noted. Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation. Home prices rose in New York state for the 23rd straight month with the June 2025 statewide median sales price topping more than $448,000, up 1.8 percent from the June 2024 median sales price of $440,000. The price increase was more modest than previous months.

Central New York data

Realtors in Onondaga County sold 361 previously owned homes in June, up more than 7 percent from the 336 homes they sold in the same month in 2024. The median sales price in the county increased about 11 percent to $280,000 from nearly $252,000 a year prior, NYSAR said. Realtors sold 137 existing homes in Oneida County in June, up more than 30 percent from the 105 homes sold during June 2024. The median sales price increased about 4 percent to nearly $236,000 from more than $226,000 a year ago. In Broome County, realtors sold 133 previously owned homes in June, down over 8 percent from the 145 sold a year earlier, according to the NYSAR report. The median sales price of $180,000 was down about 2 percent from $184,000 a year earlier. Realtors in Jefferson County closed on the sale of 120 homes in June, up nearly 45 percent from the 83 homes sold in June 2024, and the median sales price of more than $239,000 was off slightly from $240,000 a year before, according to the NYSAR data. 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.