Market
NAR: Northeast Pending Home Sales Rose 2.1% in May
Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West.
Market
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Market
New York Regional Single-Family Home Price Jumps 8.4% in August 2024
In terms of transaction volumes, closed sales for single-family homes, condominiums, and co-ops were all down 8.7% regionwide from last year.
News
NAR: ‘A Sales Recovery Did Not Occur in Midsummer;’ U.S. Pending Sales in July Were the Lowest on Record
The Northeast PHSI waned 1.4% from last month to 64.6, an increase of 2.4% from July 2023.
Market
New York Regional Single-Family Home Price Increases by 8.9% in July 2024
When looking at transaction volumes, closed sales for single-family homes and condominiums were both up compared to last year, while co-op sales saw a decline.
Market
Single-Family Home Sales Up in Almost All Lower Hudson Valley; Putnam County Sales Rose 44%; Median Sales Price Increased in All Regions
“Home sales are increasing throughout our region as a result of more properties being listed for sale, reflecting the strong demand that currently exists in the Hudson Valley,” said HGAR CEO Lynda Fernandez.
Market
Northeast Home Sales Rose 4.3% in July; Single-Family Home Price Up 8.3% Compared to Year Earlier
Existing-home sales in the Northeast in July climbed 4.3% from June to an annual rate of 490,000, an increase of 2.1% from July 2023.
News
Realtor.com Predicts Inventory to Increase 14.5% in 2024; Home Prices to Rise 4.6%
Realtor.com has seen substantial improvement in inventory in the first half of 2024, climbing by more than 35% on a year-over-year basis.
Market
Nearly 90% of Metro Areas Registered Home Price Gains in Second Quarter of 2024; NY Metro Region Among Top Markets for Price Increases
Two market areas that make up the New York metro region—New York-Jersey City-White Plains, NY-NJ (No. 7) and Dutchess County-Putnam County, NY (No. 9)—ranked among the top 10 metro areas for price increases in the second quarter.
Market
Northeast Pending Home Sales Rose 3% in June
The Northeast PHSI rose 3.0% from last month to 65.5, a decline of 0.3% from June 2023.
Market
Existing U.S. Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900
Existing-home sales in the Northeast in June withdrew 2.1% from May to an annual rate of 470,000, a decline of 6% from June 2023.
Market
Median Single-Family Home Sales Prices in June Rose Sharply in Almost Every Region
Sales were down in all counties in the Hudson Gateway Association of Realtors market area, with Orange County posting the largest decline in single-family home sales at 26.9%.
Market
Annual Foreign Investment in U.S. Existing Homes Sales Dropped 21.2% to $42 Billion
At $1.3 million, Chinese buyers had the highest average purchase price, with 25% purchasing property in California.
Featured
NAR: 26% of Realtors Surveyed Say Lack of Inventory, Housing Affordability Prevented Clients from Buying Homes in 2023
“2023 was a difficult year for Realtors due to high mortgage rates and low housing inventory, which significantly impacted home sales volume,”