Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
FARMINGDALE, NY— For September 2023, OneKey MLS reported today a regional closed median sale price of $630,000, a 0.80% decrease as compared to the $635,000 reported in August 2023. In a year-over-year comparison, the closed median sale price increased 5.00% from $600,000, reported in September 2022. However, sales transactions and pending residential deals were down by double digits.
Between August 2023 and September 2023, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 4,245 from 5,344, representing a month-over-month decrease of 20.60%. Year over year, transactions were down 21.20% from September 2022. Across the region, pending sales transactions also decreased 11.20% in a month-over-month comparison, reportedly 4,240 in September 2023 as compared to 4,775 in August 2023.
OneKey MLS, the largest MLS in New York, reported that four of nine counties posted an increased closed median sale price in a month-over-month comparison, while five counties reported a decreased median sale price. Putnam (+15.50%), Queens (+6.20 %), Suffolk (+1.20 %), and Nassau (+1.00%) counties reported month-over-month increases in closed median sale price. Rockland (-1.40%), Orange (-2.3%), Sullivan (-3.7%), Bronx (-5.80%), and Westchester (-6.8%) counties reported month-over-month decreases in closed median sale price.
“The fact that prices are rising shows that there is still interest from homebuyers but there isn’t enough supply to satisfy them,” said Richard Haggerty, CEO of OneKey MLS. “Buyers are willing to buy even with interest rates where they are,” he continued. “There’s just nothing for them to buy.”
OneKey MLS is one of the nation’s leading Multiple Listing Services, serving more than 48,000+ Realtor subscribers and 4,500 participating offices throughout Long Island, New York City, and the Hudson Valley. OneKey MLS provides reliable property listing data, invaluable market insights, and an extensive suite of innovative industry tools and services.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
City and State honored 100 “New Yorkers who are on the front lines, creating jobs and spurring economic growth on the local, state and national levels.”
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