New York Home Sales Rise 4.5% as Inventory Hits 33,585, Highest Since 2022
Updated
Updated · Yahoo Finance · Aug 18
New York Home Sales Rise 4.5% as Inventory Hits 33,585, Highest Since 2022
3 articles · Updated · Yahoo Finance · Aug 18
Summary
10,911 homes closed in New York in July, up 4.5% from a year earlier, while pending sales rose 1.0% to 10,727.
15,055 new listings came onto the market, up 3.2%, helping inventory climb for a 17th straight month to 33,585 homes — the highest level since September 2022.
The statewide median sales price held firm at $480,000 in July, up 6.7% from June's $450,000.
Mortgage rates averaged 6.54% on a 30-year fixed loan in July, up from 6.44% in June but still below 6.72% a year earlier, suggesting demand strengthened despite slightly higher borrowing costs.