Residential property transactions in New York City plummeted in *********, reaching *** - the lowest figure registered during the period under observation. Just a year ago, the number of residential transactions amounted to *****. New York was hit hard by the COVID-19 pandemic in 2020, resulting in house price volatility and slowing sales activity.

As compared to the previous year, the median price for home sales in Manhattan, New York decreased in the first quarter of 2023. In that quarter, the home price reached the median of **** million U.S. dollars, down from *** million U.S. dollars the year before. In other New York boroughs, such as Brooklyn, and Queens, and Bronx, the median home prices followed the opposite trend.

The volume of housing units sold in Brooklyn, NY fell from ****** units in 2022 to approximately ***** units in 2023. Despite the notable decline, the 2023 figure stood above the volume recorded in 2020.

Graph and download economic data for Housing Inventory: Price Increased Count Month-Over-Month in Fulton County, NY (PRIINCCOUMM36035) from Jul 2017 to Feb 2023 about Fulton County, NY; NY; price; and USA.

The median sales price of new development condos in Brooklyn, NY was over *********** U.S. dollars in the third quarter of 2024, up from ******* U.S. dollars in the corresponding quarter in 2023. Co-op housing was the most affordable option for home buyers, with a median sales price of ******* U.S. dollars in 2024.

The Department of Finance's Rolling Sales files provide a comprehensive list of properties that were sold within the past twelve months in New York City, classified under tax classes 1, 2, and 4. The dataset includes essential information such as the neighborhood, building type, square footage, and additional relevant data. It was sourced from the official website of the New York City Department of Finance: https://www.nyc.gov/site/finance/taxes/property-rolling-sales-data.page

The number of single-family homes listed for sale in the 50 largest metros in the United States in January 2025 ranged between 1,000 and 26,000. Dallas, TX, which is the fourth-largest metropolitan area in the country, had the most active listings that month, totaling ******. New York, NY — the biggest metro in the country — had ****** active listings. Additionally, it was one of the few metros where inventory declined between January 2024 and January 2025.

The median sales price of luxury homes in Manhattan, New York increased for condos, re-sales, and co-ops, but fell for new developments. In the third quarter of 2024, the median price of luxury condos amounted to **** million U.S. dollars, up from ***** million U.S. dollars in the same quarter in 2023.

Graph and download economic data for Market Hotness: Listing Views per Property in Washington County, NY (LDPEPRYYCOUNTY36115) from Aug 2018 to Mar 2023 about Washington County, NY; Glens Falls; NY; listing; and USA.

Price-To-Sales-Ratio Time Series for Better Home & Finance Holding Company. Better Home & Finance Holding Company operates as a homeownership company in the United States. The company provides government-sponsored enterprise GSE conforming loans, U.S. Federal Housing Administration FHA insured loans, U.S. Department of Veterans Affairs VA guaranteed loans, and jumbo loans to GSEs, banks, insurance companies, asset managers, and mortgage real estate investment trusts. It also offers real estate agent services, title insurance and settlement services, and homeowners insurance services. The company formerly known as Better Mortgage Corporation and changed its name to Better Home & Finance Holding Company in August 2023. Better Home & Finance Holding Company is headquartered in New York, New York.

The median sales price of condominiums in Manhattan, New York declined in 2024. A studio condo cost on average ******* U.S. dollars in the third quarter of 2024, down from ******* U.S. dollars the year before.

Graph and download economic data for Housing Inventory: Price Increased Count Year-Over-Year in Ithaca, NY (CBSA) (PRIINCCOUYY27060) from Nov 2017 to Sep 2023 about Ithaca, NY, price, and USA.

When it comes to luxury real estate, Dubai led the global luxury real estate market with the most property sales. In the first quarter of 2023, over *** sales of properties valued above ** million U.S. dollars took place in Dubai. New York followed closely with *** transactions, while London took the third place with *** transactions. The market experienced a downturn after the first quarter of 2022, with worldwide sales gradually declining in the subsequent quarters of 2022. A recovery was observed in the first quarter 2023, with *** property sales.

Graph and download economic data for Housing Inventory: Price Increased Count Month-Over-Month in Cortland County, NY (PRIINCCOUMM36023) from Jul 2017 to Oct 2023 about Cortland County, NY; NY; price; and USA.

The U.S. housing market has slowed, after ** consecutive years of rising home prices. In 2021, house prices surged by an unprecedented ** percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by *** percent. That was lower than the long-term average of *** percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of **** percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over ******* U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

Graph and download economic data for Housing Inventory: Price Increased Count Year-Over-Year in St. Lawrence County, NY (PRIINCCOUYY36089) from Nov 2017 to Aug 2023 about St. Lawrence County, NY; NY; price; and USA.

Graph and download economic data for Housing Inventory: Price Increased Count Month-Over-Month in Clinton County, NY (PRIINCCOUMM36019) from Jul 2017 to Aug 2023 about Clinton County, NY; NY; price; and USA.

The average price for residential real estate in Manhattan, New York increased for luxury, new developments, and condos. Conversely, prices for re-sale and co-op properties declined slightly. In the third quarter of 2024, the average square footage price for a re-sale property was ***** U.S. dollars per square foot.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting ****** U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Graph and download economic data for Housing Inventory: Price Increased Count Year-Over-Year in Auburn, NY (CBSA) (PRIINCCOUYY12180) from Aug 2017 to Apr 2023 about Auburn, NY, price, and USA.