Market
NAR: U.S. Existing-Home Sales Retreated 1.9% in April; Northeast Activity Fell 4%
“Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market,” said NAR Chief Economist Lawrence Yun.
HGAR: April Median Sales Prices for Single-Family Homes Rose in Almost All Regions; Closed Sales Increased in Westchester, Rockland, Orange Counties
New listings of single-family homes rose in the Bronx, Westchester, Putnam, and Orange counties, while pending sales for all property types increased in every region except Rockland and Orange counties.
HGAR: New York Metro Area Home Prices Increased by More than 18% in First Quarter of 2024
New York City and the Hudson Valley continue to be among the most desirable locations in the nation, so it’s no surprise that inventory is at a premium and home prices are reflecting that.
NAR: New York Metro Region Posted Ninth Highest Home Price Increase in First Quarter at 18.4%
Compared to one year ago, the national median single-family existing-home price climbed 5% to $389,400. In the prior quarter, the year-over-year national median price increased 3.4%.
Pending Home Sales Ascended 3.4% in March
The Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—increased to 78.2 in March.
Northeast Existing Home Sales Jumped 4.2% in March
Existing-home sales in the Northeast climbed 4.2% from February to an annual rate of 500,000 in March, ending a four-month streak where sales in the Northeast registered 480,000 units
HGAR Report: Demand for Homes in the Bronx, Hudson Valley Remained High in March; Sales and Inventory Still Below Normal as Prices Rose in all Regions
Today’s report by the Hudson Gateway Association of Realtors, based on data supplied by OneKey MLS, also indicates inventory levels declined among all property types in all regions.
U.S. Pending Home Sales Rose 1.6% in February; Northeast Suffered Slight Decline in Pending Transactions
The Northeast PHSI decreased 0.3% from last month to 63.4, a decline of 9.0% from February 2023.
Realtor.com: Renting Now Beats Buying in All of the Largest U.S. Metros
According to the Realtor.com report, the New York-Newark-Jersey City, NY-NJ-PA market posted a median rent of $2,852 in February, as compared to the Monthly Buy Cost of $4,995, for a savings of $2,143 and a 75% cost difference.
NY Regional Single-Family Home Price Posted Double-Digit Gain in February; Pending Sales for Condos, Co-Ops Rose Sharply
There were 426 closed sales transactions and 610 pending sales transactions reported for condos in February 2024, representing a 12.4% increase in closed sales transactions and a 23.0% increase in pending sales transactions.
Bronx, Hudson Valley Home Prices Continue to Soar; Pending Sales Increased 8.4% in HGAR Market Area
Westchester County experienced a slight increase in home sales by just 1.7% in February, along with an almost 14% increase in home prices, with a median of $831,250.
U.S. Existing-Home Sales Rose 9.5% in February, Largest Increase in a Year; Northeast Termed ‘Regional Underperformer’
At 480,000 units, existing-home sales in the Northeast were identical to January but down 7.7% from February 2023. It's the fourth consecutive month that home sales in the Northeast registered 480,000 units.