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New York state, CNY home sales decline in February

By Eric Reinhardt

Date:

New York realtors sold nearly 7,100 previously-owned homes in February, a decrease of 9 percent compared to the almost 7,800 homes sold in February 2018.

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

In the 16-county Central New York region, realtors closed on the sale of 805 homes in February, down 9.2 percent from 887 a year prior.

Sales data

The February 2019 statewide median sales price was $280,000, up nearly 10 percent from the February 2018 median of $255,000, according to the NYSAR data.

Pending sales totaled more than 8,900 in February, down nearly 2 percent from the same month in 2018.

The months supply of homes for sale rose about 4 percent at the end of February to a 5.5 month supply, per NYSAR’s report. It stood at 5.3 months at the end of February 2018.

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

The number of homes for sale totaled 60,966 in February, up 0.7 percent from February 2018.

Central New York data

Realtors in Onondaga County sold 247 previously owned homes in February, one fewer than in the year-ago period. The median sales price dipped to $135,000 from $135,150 a year prior, according to the NYSAR report.

NYSAR also reports that realtors sold 91 homes in Oneida County in February, down about 26 percent compared to the 123 sold in February 2018. The median sales price rose about 7 percent to more than $127,000 from $119,000 a year ago.

Realtors in Broome County sold 84 existing homes in February, one fewer than the same month in 2018, per the NYSAR report. The median sales price increased about 12 percent to $106,000 from nearly $95,000 a year ago.

In Jefferson County, realtors closed on 61 homes in February, up more than 5 percent from 58 a year ago, and the median sales price of $144,000 was up nearly 12 percent from almost $129,000 a year prior, 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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