OneKey MLS Expects Strong Q1 2026 Returns from November's Robust Price Growth and Surge in Pending Sales

FARMINGDALE—The New York real estate market remained strong and accelerated in November. Home values rose, and buyer interest increased. The regional median sales price jumped 6.5% year-over-year to $685,000, showing high demand in the New York Metropolitan area, according to data released recently by OneKey MLS.

Closed sales fell 7.5% year-over-year due to seasonality, but the market stayed strong. Pending sales rose across all housing categories: single-family homes up 4.0%, condominiums up 6.0%, and co-ops up 11.6%.

This contract activity mirrors national patterns, underscoring that buyers are responding quickly to steady mortgage rates and favorable fall conditions.

Richard Haggerty, CEO of OneKey MLS, said, “Pending sales, especially the 5% jump across all property types, show buyers gaining confidence. Consumers are moving quickly, setting up an active start to 2026.”

Meanwhile, the single-family homes segment continues to drive the market, with median sales reaching $750,000—a 7.1% increase from November 2024. As inventory remains limited, down more than 7% year-over-year for all property types, competition for move-in-ready homes continues to boost equity gains for current homeowners.

Looking ahead, expect this competitive environment to persist into early 2026, as buyers remain eager despite limited options, OneKey MLS stated in its report. Many prospective buyers are expanding their searches to surrounding counties and suburban markets in hopes of finding suitable homes. This increase in activity is likely to support continued price growth and keep market momentum strong as the new year begins, sustaining the region's positive trends.

HGAR Market Area Snapshot-November 2025

Note: All November 2025 data is in comparison to activity 12 months prior.

NYC Metro Region

Single-Family Median Home Sale Price: $750,000, up 7.1%
Single-Family Home Sales: 2,777, down 6.2%
Condo Median Sale Price: $525,000, up 3.4%
Condo Sales: 504, up 0.6%
Co-Op Median Sale Price: $299,000, up 1.4%
Co-Op Sales: 426, down 17.3%
Single-Family Inventory: 9,848, down 8.1%

Note: The New York City Metro Region covers: Westchester, Rockland, Orange, Putnam, Sullivan, and Dutchess counties in the Hudson Valley, Nassau and Suffolk counties and the boroughs of the Bronx and Queens.

HGAR Market Area

Bronx County

Single-Family Median Home Sale Price: $720,000, up 9.3%
Single-Family Home Sales: 41, down 4.7%
Condo Median Sale Price: $277,500, down 14.6%
Condo Sales: 12, down 20.0%
Co-Op Median Sale Price: $227,500, down 1.1%
Co-Op Sales: 38, down 19.1%
Single-Family Inventory: 236, up 15.1%

Orange County

Single-Family Median Home Sale Price: $480,000, up 2.1%
Single-Family Home Sales: 190, down 1.6%
Condo Median Sale Price: $310,000, up 7.3%
Condo Sales, 37, up 5.7%
Single-Family Inventory: 857, down 0.6%

Putnam County

Single-Family Median Home Sale Price: $555,000, up 1.0%
Single-Family Home Sales: 64, up 23.1%
Condo Median Sale Price: $399,000, up 26.7%
Condo Sales: 9, down 30.8%
Single-Family Inventory: 169, down 4.0%

Rockland County

Single-Family Median Home Sale Price: $789,000, up 4.5%
Single-Family Home Sales: 139, down 1.4%
Condo Median Sale Price: $420,000, down 4.5%
Condo Sales: 44, up 25.7%
Co-Op Median Sale Price: $130,000, down 19.4%
Co-Op Sales: 5, down 16.7%
Single-Family Inventory: 413, up 16.7%

Sullivan County

Single-Family Median Home Sale Price: $339,000, down 7.1%
Single-Family Home Sales: 61, down 3.2%
Condo Median Sale Price: $435,000
Condo Sales: 1
Single-Family Inventory: 532, up 13.4%

Westchester County

Single-Family Median Home Sale Price: $899,500, up 0.4%
Single-Family Home Sales: 310, up 4.4%
Condo Median Sale Price: $520,500
Condo Sales: 94, up 6.8%
Co-Op Median Sale Price: $206,000, down 9.0%
Co-Op Sales: 111, up 1.8%
Single-Family Inventory: 670, down 9.8%

SOURCE: ONEKEY MLS

To access all local and regional housing market reports, visit https://marketstats.onekeymls.com