ALBANY, N.Y. — Realtors in New York state sold 10,517 previously owned homes in August, down 4.7 percent from the 11,036 homes sold in August 2024. But pending sales edged up in the month, which could portend a rise in closed home sales in the next couple of months. That’s according to the New York […]
ALBANY, N.Y. — Realtors in New York state sold 10,517 previously owned homes in August, down 4.7 percent from the 11,036 homes sold in August 2024.
But pending sales edged up in the month, which could portend a rise in closed home sales in the next couple of months. That’s according to the New York State Association of Realtors’ (NYSAR) August housing report issued on Sept. 25.
“Housing inventory in New York continued its upward climb in August as mortgage rates showed signs of easing,” NYSAR said to open the announcement about the housing report.
Mortgage rates dipping “provided some relief” for buyers. NYSAR cited Freddie Mac as indicating the average 30-year fixed rate for mortgage loans fell to 6.59 percent in August, from 6.72 percent in the prior month. Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation.
New York sales data
Statewide housing inventory reached 30,684 units August, up 5.5 percent from August 2024’s total of 29,090 available homes. This marks six straight months of increasing inventory statewide, after a long period of tight housing supply, NYSAR noted.
New listings of existing homes for sale in the Empire State totaled 12,856 in August 2025, up 1.4 percent from 12,682 in the same month last year.
The months’ supply of homes for sale at the end of August stood at 3.5 months, up 6 percent from 3.3 months at the end of August 2024, per NYSAR’s report. A 6 month to 6.5-month supply is considered a balanced market, the association says.
Pending sales in New York totaled 10,173 this August, an increase of 1.5 percent compared to the 10,023 pending sales in August 2024, according to the NYSAR data.
Housing prices across the state continue to climb. Median home-sales prices were $460,000 in August 2025, up 5.7 percent from $435,000 a year earlier.
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.
