New York State's supply of homes continues to fall

New York State Association of Realtors releases statewide housing statistics for July
  • New York State home sales figures slid 11.1 percent in July on a year-to-date basis since 2015, according to the report.
  • Hamilton County was the only county to have a reported decrease in months supply of homes in July 2016 compared with the same month in 2015.
  • The biggest annual uptick in median sales price was reported in Chautauqua County, which saw a rise of 39.6 percent to $120,000.

More is not always better, and that’s the case when it comes to the New York State real estate market this July. According to a new report from the New York State Association of Realtors (NYSAR), New York State’s home sales figured dropped year-over-year in July. However, the report also says median sales price increased 8.1 percent annually in July 2016.