ALBANY, N.Y. — Realtors in New York state closed on the sale of 9,697 previously owned homes in September, virtually unchanged from the 9,694 homes they sold in the year-earlier month. However, pending sales increased more than 7 percent in the ninth month of 2025, possibly foreshadowing a rise in closed sales in the next […]
ALBANY, N.Y. — Realtors in New York state closed on the sale of 9,697 previously owned homes in September, virtually unchanged from the 9,694 homes they sold in the year-earlier month.
However, pending sales increased more than 7 percent in the ninth month of 2025, possibly foreshadowing a rise in closed sales in the next couple of months. That’s according to the New York State Association of Realtors’ (NYSAR) September housing report issued on Oct. 23.
“Key indicators such as new listings and pending sales increased in September while housing inventory across New York escalated for the seventh consecutive month,” NYSAR said to open the housing report.
Mortgage rates showed signs of moving lower heading into the fall. NYSAR cited Freddie Mac as indicating the average 30-year fixed rate at 6.35 percent in September 2025, down from 6.59 percent in August 2025. A year earlier, in September 2024, the average 30-year rate stood at 6.18 percent. 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 31,267 units in September, a 4.1 percent increase from September 2024’s total of 30,035 available homes. This marks seven straight months of increasing housing inventory statewide, NYSAR noted.
New listings of existing homes available for sale in the Empire State rose 5.5 percent to 13,564 this September from 12,858 in September 2024.
The months’ supply of homes for sale at the end of September stood at 3.5 months’ supply, up 3 percent from 3.4 months a year prior, per NYSAR’s housing report.
A 6 month to 6.5-month supply is considered a balanced market, the association stipulates.
Pending sales totaled 9,626 in September, a jump of 7.3 percent compared to the 8,972 pending sales in the same month in 2024, according to the NYSAR data.
Home sales prices across the Empire State continue to climb in the latest month. The median home sales price was $427,628 in September, up 3 percent from the $415,000 median price tag in September 2024.
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.
