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New York home sales dip in July, CNY sales mixed

By Eric Reinhardt

Date:

VISUAL CREDIT: NEW YORK STATE ASSOCIATION OF REALTORS WEBSITE

New York realtors sold 12,733 previously owned homes in July, down 2.1 percent from 13,012 homes sold in July 2018.

That’s according to the New York State Association of Realtors (NYSAR)’s July housing-market report issued on Aug. 21.

Sales data

The July 2019 statewide median sales price was $299,950 up 7.1 percent from the July 2018 median of $280,000, according to the NYSAR data.

Pending sales totaled 13,355 homes in July, an increase of 5 percent from 12,720 in the same month in 2018.

The months’ supply of homes for sale at the end of July stood at 6.5 months per NYSAR’s report. It was at 6.6 months at the end of July 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 72,114 in July, down 2.6 percent from 74,029 in July 2018.

Central New York data

Realtors in Onondaga County sold 550 previously owned homes in July, up 5.8 percent from the 520 homes sold in the same month in 2018. The median sales price rose 8.2 percent to $158,900 from $146,905 a year ago, according to the NYSAR report.

NYSAR reports that realtors sold 179 homes in Oneida County in July, down more than 11 percent compared to the 202 sold during July 2018. The median sales price remained unchanged at $130,000.

Realtors in Broome County sold 180 existing homes in July, up 1.1 percent from 178 a year ago, according to the NYSAR report. The median sales price increased less than 1 percent to $125,000 from $124,100 a year prior.

In Jefferson County, realtors closed on 112 homes in July, down 1.8 percent from 114 homes sold a year earlier, and the median sales price of nearly $164,000 was up more than 19 percent from $137,500 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.

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