New York state home sales rise 4 percent in January

New York realtors sold 9,204 previously owned homes in January, up 4.1 percent from the 8,842 homes sold in January 2019.

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

Sales data

The January 2020 statewide median sales price was $300,000, up 9.1 percent from the year-prior median of $275,000, according to the NYSAR data.

Pending sales totaled 8,895 homes in January, an increase of 5.6 percent from 8,421 homes a year ago.

The months’ supply of homes for sale at the end of January stood at a 4.9-month supply, down about 12 percent compared to a year before, per NYSAR’s report. It was at 5.6 months at the end of January 2019.

A 6-month to 6.5-month supply is considered to be a balanced market, NYSAR says.

The number of homes for sale totaled 56,333 in January, down 9.2 percent from 62,946 in January 2019.

Central New York data

Realtors in Onondaga County sold 312 previously owned homes in January, down 5.2 percent from the 329 sold in the same month in 2019. The median sales price rose 8.9 percent to $147,000 from $135,000 a year ago, according to the NYSAR report.

NYSAR also reports that realtors sold 134 homes in Oneida County in January, up 4.7 percent from the 128 sold during January 2019. The median sales price rose 3.3 percent to $129,160 from $125,000 a year prior.

Realtors in Broome County sold 110 existing homes in January, up 22.2 percent from 90 a year earlier, according to the NYSAR report. The median sales price increased 0.5 percent to $100,000 from $99,500 in January 2019.

In Jefferson County, realtors closed on 74 homes in January, unchanged from the year-prior month. The median sales price fell 9.3 percent to $123,000 from $135,680 a year ago, 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. 

New York realtors sold 9,204 previously owned homes in January, up 4.1 percent from the 8,842 homes sold in January 2019.

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

Sales data

The January 2020 statewide median sales price was $300,000, up 9.1 percent from the year-prior median of $275,000, according to the NYSAR data.

Pending sales totaled 8,895 homes in January, an increase of 5.6 percent from 8,421 homes a year ago.

The months’ supply of homes for sale at the end of January stood at a 4.9-month supply, down about 12 percent compared to a year before, per NYSAR’s report. It was at 5.6 months at the end of January 2019.

A 6-month to 6.5-month supply is considered to be a balanced market, NYSAR says.

The number of homes for sale totaled 56,333 in January, down 9.2 percent from 62,946 in January 2019.

Central New York data

Realtors in Onondaga County sold 312 previously owned homes in January, down 5.2 percent from the 329 sold in the same month in 2019. The median sales price rose 8.9 percent to $147,000 from $135,000 a year ago, according to the NYSAR report.

NYSAR also reports that realtors sold 134 homes in Oneida County in January, up 4.7 percent from the 128 sold during January 2019. The median sales price rose 3.3 percent to $129,160 from $125,000 a year prior.

Realtors in Broome County sold 110 existing homes in January, up 22.2 percent from 90 a year earlier, according to the NYSAR report. The median sales price increased 0.5 percent to $100,000 from $99,500 in January 2019.

In Jefferson County, realtors closed on 74 homes in January, unchanged from the year-prior month. The median sales price fell 9.3 percent to $123,000 from $135,680 a year ago, 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.