Closing median selling price for residential properties in New York fell slightly month-on-month in December

OneKey® MLS, which reports detailed monthly statistical information on residential, condominium and condominium sales transactions in the regional MLS coverage area, reported a 0.90% decrease in the closed median selling price between November and December 2022.

Farmingdale, New York, January 20, 2023 /PRNewswire/ — OneKey® MLS is the one-stop real estate marketplace for monthly statistics on residential real estate transactions Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For December 2022OneKey MLS reported a regional closed median retail price of $570,000which represents a decrease of 0.90% compared to those reported $575,000 in November 2022. Between November and December 2022Completed regional sales transactions, including residential, condominium and coop sales, fell to 4,270 from 4,620, a monthly change of -7.60%.

OneKey® MLS, the largest MLS in new York, aggregates real estate transaction data from nine counties that make up the MLS regional coverage area and reports individually on each represented county. The infographic shows month-by-month comparisons of median closed home prices for the region.

Three of nine counties reported an increase in median selling price month-over-month, while six counties reported a lower median selling price. the bronx (+9.30%), Sullivan (+4.20%) and Putnam (+0.80%) The districts reported an increase in the closed median selling price compared to the previous month. suffolk (-0.50%), Queens

(-0.70%), orange (-1.30%), Westchester (-1.60%), Nassau (-1.90%) and rock country (-2.10%) The counties reported a decline in the closed median selling price compared to the previous month.

Richard HaggertyCEO of OneKey MLS, said: “We are seeing a slowdown in transaction activity and price convergence across the region. People are patiently watching as interest rates and inflationary pressures appear to be stabilizing this year and expect selling activity to pick up again by spring when sellers make their move and buyers come back into the market.”

For more detailed statistical information on residential, condominium and coop sales, visit https://www.onekeymls.com/market-statistics.

OneKey MLS, made possible by the merger of MLSLI and Hudson Gateway MLS, is one of the nation’s leading multiple listing services, serving over 50,000 REALTOR® subscribers and 4,500 participating offices long Island, Manhattan, and the Hudson Valley. OneKey MLS strives to provide broader coverage, up-to-date statistics, and the best real estate tools and resources.

Media contact:

Tricia Chirco
631-670-0710×405
[email protected]

SOURCE OneKey MLS

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