rSnapshotPhotos / Shutterstock.com New York home sales heated up in January, with closed transactions jumping more than 13 percent compared to last year and 7,640 closings across the state, according to the New York Association of Realtors market report. “A relatively mild winter statewide kept homebuyers from hibernating in January, extending the 2015 housing market growth trend into the new year,” said NYSAR CEO Duncan R. MacKenzie. “In fact, this is the strongest January in at least a decade. With pending sales also jumping by more than 15 percent, we are optimistic that the growth trend will continue." Pending sales in January 2016 certainly surged compared to January 2015, with agents and sellers achieving 7,879 potential closings across New York. While statew...
- While statewide closing and pending sales records impressed year-over-year, median sales prices remained at $235,000– the same as early 2015.
- Although sales amplified, months' supply declined across The Empire State as compared to last year.
- Both Brooklyn and Queens shared similar monthly market trends, although the activity in Queens wasn't quite as fast-paced as Kings County, the report says.
- Queens had a 12.5 percent drop in new listings, going from 1,122 last January to 982 this past month.