New York Regional Single-Family Home Price Up 10.2% in March 2024

April 22, 2024 10:30 PM AEST | By EIN Presswire

Google News:

Recent News

Drifting with Passion! Hong Kong's TRC Team Advances to Top 16 at FDJ2...

The Sound of Japanese Spirits presented by Kanazawa Asanogawa Enyukai...

Smartee Unveils 'Live Update' to Slash Treatment Planning Time from Da...

WHITEWATER CELEBRATES 40 YEARS IN ASIA-PACIFIC AT IAAPA EXPO ASIA 2025...

FARMINGDALE, NEW YORK, USA, April 22, 2024 /EINPresswire.com/ --
OneKey^® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. In March 2024, OneKey MLS reported a regional, single-family, closed median sale price of $650,000, representing a 10.2% increase over the price of $590,000 from March 2023. For condominiums, OneKey MLS reported a closed median sale price of $499,500 in March 2024, an increase of 5.2% over $475,000 reported in the prior year. The closed median sale price of co-ops rose as well, increasing 0.3% from $299,000 in March 2023 to $300,000 in March 2024.

For single-family homes, there were 2,207 closed sales transactions and 3,382 pending sales transactions in March, representing a 16.8% decrease in closed sales (down from 2,654) and a 5.6% decrease in pending sales (down from 3,582) as compared to the prior year. There were 462 closed sales transactions and 755 pending sales transactions reported for condos in March 2024, representing a 14.1% decrease in closed sales transactions (down from 538) and a 12.5% increase in pending sales transactions (up from 671) from the prior year. OneKey MLS reported 517 co-op closed sales in March 2024, down 21.4% from the 658 closed sales transactions in March 2023. Pending co-op sales increased by 25.6% to 1,022 in March 2024, up from 814 the prior year.

Despite decreases in closed sales activity between March 2023 and March 2024, the persistent shortage of available housing options continues to fuel increasing home prices, which is reflected regionally in the reporting by OneKey MLS.

About OneKey^® MLS
OneKey^® MLS is one of the nation’s leading Multiple Listing Services, serving 47,000+ real estate professionals and 4,500 participating offices throughout Long Island, New York City, and the Hudson Valley. OneKey MLS provides reliable property listing data, invaluable market insights, and an extensive suite of innovative industry tools and services.

Patricia Chirco
OneKey MLS
+1 631-670-0710
email us here
Visit us on social media:
Facebook

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.