Total housing inventory registered at the end of March was 1.33 million units, up 8.1% from February and 19.8% from one year ago (1.11 million).
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
Regionally, on a year-to-date basis, new home sales were up 12.9% in the South, but were down 32% in the Northeast, 18.3% in the Midwest and 6% in the West.
Black homeownership rates continue to lag behind those of other minority groups and white households, per NAR’s “2024 Snapshot of Race and Home Buying in America” report.
Under practice changes that will take effect Aug. 17, real estate professionals will no longer be able to communicate offers of compensation in the MLS.
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