NY regional closed median home price for november 0.9% lower than in october
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Published on December 16, 2021
OneKey MLS, reporting detailed, month-over-month statistical information about residential, condo, and co-op sales transactions in the regional MLS coverage area, finds that the closed median sale price in November 2021 was less than it was in October 2021.
Closed Median Sale Price by County with Month-over-Month Comparison from OneKey MLS
WEST BABYLON, N.Y., Dec. 16, 2021 (GLOBE NEWSWIRE) -- OneKey® MLS, the largest MLS in New York, is the trusted source of monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For November 2021, OneKey MLS reported a regional closed median sale price of $565,000, representing a 0.9% decrease from $570,000 reported the prior month. Between October and November 2021, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 5,623 from 6,276, representing a -10.4% month-over-month change.
OneKey MLS aggregates the real estate transactional data from nine counties making up the regional MLS coverage area, and reports individually on each county represented. The infographic demonstrates month-over-month closed median home price comparisons for the region.
Whereas four of nine counties reported an increased closed median sale price, four of nine counties reported a decrease, and one reported no change. Putnam (4.1%), Sullivan (4.0%), Nassau (0.8%), and Suffolk (0.2%) Counties had month-over-month increases in closed median sale price. Orange (-0.4%), Queens (-0.7%), Westchester (-1.7%), and Bronx (-2.7%) Counties had month-over-month decreases. Rockland County reported no change (0.0%).
Jim Speer, CEO OneKey MLS, said, "Reports indicate that home prices are leveling off and while price growth shows signs of slowing, sales activity remains robust, home demand remains high, and available inventory is limited." Speer said he expects to see more of the same in 2022.