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New York home sales slide in March amid tight inventory

Location
New York
Publish Date
2022/05/06

NY agents sold 10,350 previously owned homes in March, ↓ 9.3% YoY, as housing supply remained constrained.However, pending sales ↑ 3.1% in March, pointing to a possible rebound in closed sales in the coming months. The March 2022 statewide median sales price in NY was $410K, ↑ > 13% YoY. The months' supply of homes for sale at the end of March stood at 2.4-mo, ↓ 25% YoY. (NYSAR)

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