Tag Archives: one key mls

New York Regional Median Home Price Holds Steady Between October and November 2023

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OneKey® MLS, reporting detailed, month-over-month statistical information about residential, condo, and co-op sales transactions in the regional MLS coverage area, reported 0.00% change in closed median sale price between October and November 2023.

Farmingdale, NY – Dec. 21, 2023 (PRNewswire) 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. For November 2023, OneKey MLS reported a regional closed median sale price of $615,000, a 0.00% change as compared to the figure reported in October 2023. In a year-over-year comparison, the closed median sale price increased 7.00% from $575,000, reported in November 2022. Between October 2023 and November 2023, closed regional sales transactions, including residential, condo, and co-op sales, decreased 11.00% to 3,847 from 4,321. Year-over-year, transactions were down 17.7% from November 2022.  Across the region, pending sales transactions decreased 10.70% in a month-over-month comparison, reportedly 3,828 in November 2023 as compared to 4,288 in October 2023. Year-over-year, pending residential sales were up 1.70% in November, from 3,763 the year prior.

OneKey® MLS, the largest MLS in New York, 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.

Five of nine counties reported an increased closed median sale price in a month-over-month comparison, while two counties reported a decreased median sale price, and two reported no change. The Bronx (+11.20%), Putnam (+8.00 %), Orange (+2.50 %), Rockland (+2.00%), and Westchester (+0.80%) Counties reported month-over-month increases in closed median sale price. Nassau (-2.10%) and Sullivan (-4.2%) reported decreases in month-over-month residential sale price, while Suffolk and Queens Counties reported no change (±0.00%).

Table showing the change in closed median sale price for residential homes sold by county between October and November 2023 as reported on the NY-based regional multiple listing service OneKey MLS.
Table showing the change in closed median sale price for residential homes sold by county between October and November 2023 as reported on the NY-based regional multiple listing service OneKey MLS.

OneKey MLS CEO Richard Haggerty is optimistic about next year’s housing market, citing anticipated lower interest rates, which may increase bring more houses to market. “I think that we’re going to continue to see a downward trend with interest rates and that should really set the table for a much more robust 2024. Interest rates really affect sellers’ decisions more than buyers…”

For further detailed statistical information about residential, condo, and co-op sales transactions, please visit https://www.onekeymls.com/market-statistics.

About OneKey® MLS
OneKey® MLS is one of the nation’s leading Multiple Listing Services, serving 48,000+ REALTOR® subscribers 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.

Media Contact: Tricia Chirco, SVP Marketing and Communications, 631-670-0710 x405, 370368@email4pr.com

SOURCE OneKey MLS

Between June and July, New York Residential Closed Median Sale Price Increases by 3.40%

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OneKey® MLS, reporting detailed, month-over-month statistical information about residential, condo, and co-op sales transactions in the regional MLS coverage area, reported a 3.40% increase in closed median sale price between June 2023 and July 2023.

Farmingdale, NY – Aug. 18, 2023 (PRNewswire) 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. For July 2023, OneKey MLS reported a regional closed median sale price of $633,000, a 3.40% increase as compared to the $612,000 reported in June 2023. In a year-over-year comparison, the closed median sale price rose slightly as well, increasing 2.10% from the $620,000 reported in July 2022. Between June 2023 and July 2023, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 4,288 from 4,899, representing a month-over-month decrease of 26.00%. Across the region, pending sales transactions decreased in a month-over-month comparison, reportedly 4,642 in July 2023 as compared to the reported 5,313 in June 2023.

OneKey® MLS, the largest MLS in New York, 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.

Seven of nine counties reported an increased closed median sale price in a month-over-month comparison, while two counties reported a decreased median sale price. Putnam (+7.70%), Queens (+6.30 %), Nassau (+4.30 %), Westchester (+4.30%), Orange (+2.10%), Rockland (+2.10%), and Suffolk (+1.80%) Counties reported month-over-month increases in closed median sale price. The Bronx (-4.60%) and Sullivan (-12.30%) Counties reported month-over-month decreases in closed median sale price.

Table showing the change in residential closed median sale price between June and July 2023 for the 9 counties across the OneKey MLS Regional Coverage area
Table showing the change in residential closed median sale price between June and July 2023 for the 9 counties across the OneKey MLS Regional Coverage area

According to Richard Haggerty, CEO of OneKey MLS, the current state of the regional market is due to a combination of high interest rates and limited available inventory. CEO Haggerty said, “Homeowners are simply not motivated to put their homes on the market right now.”

For further detailed statistical information about residential, condo, and co-op sales transactions, please 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 48,000 REALTOR® subscribers and 4,500 participating offices throughout Long Island, Manhattan, and the Hudson Valley. OneKey MLS is dedicated to providing more comprehensive coverage, up-to-date statistics, and the best real estate tools and resources.

Media Contact:
Tricia Chirco, SVP Marketing and Communications
631-670-0710 x405
364043@email4pr.com

SOURCE OneKey MLS

New York Residential Closed Median Sale Price Increases by 3.40% Between May and June, and Year-over-Year Price Holds Steady

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OneKey® MLS, reporting detailed, month-over-month statistical information about residential, condo, and co-op sales transactions in the regional MLS coverage area, reported a 3.40% increase in closed median sale price between May 2023 and June 2023.

Farmingdale, NY – July 18, 2023 (PRNewswire) 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. For June 2023, OneKey MLS reported a regional closed median sale price of $612,000, a 3.40% increase as compared to the $592,000 reported in May 2023. In a year-over-year comparison, the closed median sale price held steady, decreasing less than 1.00% from the $615,000 reported in June 2022. Between May 2023 and June 2023, closed regional sales transactions, including residential, condo, and co-op sales, increased to 4,747 from 4,063, representing a month-over-month increase of 16.80%. Across the region, pending sales transactions decreased slightly by 1.30% in a month-over-month comparison, reportedly 5,355 in June 2023 as compared to the 5,424 in May 2023.

OneKey® MLS, the largest MLS in New York, 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.

Six of nine counties reported an increased closed median sale price in a month-over-month comparison, while three counties reported a decreased median sale price. Westchester (+14.10%), Orange (+9.50 %), Sullivan (+6.30 %), Nassau (+4.50%), Suffolk (+3.60%), and Rockland (+0.40%) Counties reported month-over-month increases in closed median sale price. Queens (-1.50%), Putnam (-3.90%) and Bronx (-7.20%) Counties reported month-over-month decreases in closed median sale price.

Table demonstrating the month-over-month changes in NY Residential Closed Median Sale Price by County across the OneKey MLS coverage area
Table demonstrating the month-over-month changes in NY Residential Closed Median Sale Price by County across the OneKey MLS coverage area

Pointing to the slowing rate of inflation, Richard Haggerty, CEO of OneKey MLS said, “This may be an early sign that we will begin to see mortgage rates decrease in the next several months. Lower interest rates could be a catalyst that boosts market activity, prompting more sellers to list their homes, especially as price increases have softened.”

For further detailed statistical information about residential, condo, and co-op sales transactions, please 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 48,000 REALTOR® subscribers and 4,500 participating offices throughout Long Island, Manhattan, and the Hudson Valley. OneKey MLS is dedicated to providing more comprehensive coverage, up-to-date statistics, and the best real estate tools and resources.

Media Contact:
Tricia Chirco
SVP Marketing and Communications
631-670-0710 x405
362309@email4pr.com

SOURCE OneKey MLS