New York Housing Inventory Climbs as Spring Market Opens Up
A rise in homes coming onto the market gave New York buyers more options this spring, according to the latest housing report from the New York State Association of REALTORS® (NYSAR), released May 20, 2026. Statewide inventory rose 4.7 percent in April, from 26,796 available homes a year earlier to 28,058, the highest level since November 2025. New listings jumped 10 percent to 15,408, compared to 14,012 a year ago, and the added supply nudged pending sales slightly higher, from 9,422 to 9,461.1 Closed sales, however, lagged behind last year, falling 8.0 percent from 7,148 homes in April 2025 to 6,579 last month. Prices kept climbing: the statewide median sale price rose to $430,000, a 2.4 percent increase over the $420,000 median a year earlier. Mortgage rates offered some relief, with Freddie Mac reporting the average 30-year fixed rate at 6.33 percent in April, well below the 6.73 percent of a year earlier.1 The data points to a market loosening modestly on supply while steady prices continue to temper buyer activity heading into summer. 1April sees a surge in listings as inventory edges up across New York, New York State Association of REALTORS®, Inc. / GlobeNewswire (May 20, 2026). Accessed June 10, 2026, https://www.globenewswire.com/news-release/2026/05/20/3298758/0/en/April-sees-a-surge-in-listings-as-inventory-edges-up-across-New-York.html
Tags: affordability, closed sales, Housing Inventory, market trend, median price, mortgage rates, new listings, New York, NYSAR, pending sales, spring market