NYC Housing Market Heats Up: Sales Surge and Rents Climb Amid Tight Inventory
Source:https://www.nysar.com/
New York City’s housing market showed remarkable resilience in October. New listings rose 5.5% year-over-year to 13,564, while pending sales increased 7.3% to 9,626. Closed sales climbed 3%, reflecting steady buyer confidence. Inventory grew 4.1% in September but remains 5.6% below last year, with supply tightest in Nassau and Suffolk counties. Median prices continued rising: $427,628 statewide, $740,000 for single-family homes, and $525,000 for condos as buyers sought more attainable options. Mortgage rates eased slightly to 6.35%. Analysts note persistent demand outpacing supply, with stable conditions expected into early 2026 pending rate shifts and new listing activity.
Tricia Chirco, Metro NY Housing Market Maintains Steady Growth in October 2025 Amid Tight Inventory (Nov. 17, 2025) https://fox59.com/business/press-releases/ein-presswire/867990558/metro-ny-housing-market-maintains-steady-growth-in-october-2025-amid-tight-inventory/#:~:text=FARMINGDALE%2C%20NY%2C%20UNITED%20STATES%2C,are%20offering%20more%20balanced%20conditions.
New York State Association of Realtors, https://www.nysar.com/news/market-data/#:~:text=New%20Listings%20and%20Pending%20Sales,rate%20stood%20at%206.18%20percent.