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New York home sales slide in January; CNY numbers mixed

By Eric Reinhardt

Date:

New York realtors sold more than 8,400 previously-owned homes in January, down 8 percent from more than 9,100 homes sold a year earlier.

That’s according to the New York State Association of Realtors (NYSAR)’s January housing-market report.

Sales data

The January 2019 statewide median sales price was $278,000, up nearly 6 percent from the January 2018 median of nearly $263,000, according to the NYSAR data.

Pending sales totaled more than 8.500 in January, an increase of about 4 percent from the same month in 2018.

The months’ supply of homes for sale rose about 2 percent at the end of January to a 5.4 month supply, per NYSAR’s report. Supply stood at 5.3 months at the end of January 2018.

A 6 month to 6.5 month supply is considered to be a balanced market. 

The number of homes for sale totaled 60,501 in January, up 1.1 percent from January 2018 levels.

Central New York data

Realtors in Onondaga County sold 306 previously owned homes in January, up more than 4 percent from the 293 homes sold in January 2018. The median sales price rose 7.1 percent to $134,250 from more than $125,000 a year ago, according to the NYSAR report.

NYSAR also reports that realtors sold 124 homes in Oneida County in January, down nearly 20 percent from 154 sold in January 2018. The median sales price rose 6 percent to more than $124,000 from more than $117,000 a year ago.

Realtors in Broome County sold 86 existing homes in January, down about 25 percent from 115 a year ago, according to the NYSAR report. The median sales price edged up 0.5 percent to $99,500 from $99,000 a year ago.

In Jefferson County, realtors closed on 70 homes in January, down almost 8 percent from 76 a year prior, and the median sales price of $136,000 was up nearly 6 percent from more than $128,000 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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