New Weakening in Home Prices for New York Metro Area Real Estate Market

In this week's report, the number of homes sold in the New York Metro Area market fell to 3,137 over the past 30 days, remaining below the monthly average. Suffolk County was the most popular part of the New York Metro Area, with 1,227 homes sold. The median sales price dropped to $414,000, extending an eight-week long spiral. Along with the falling prices, the relatively large nine months of inventory means that the New York Metro Area is a definite buyer's market.

If you are curious about inexpensive homes in the New York Metro Area, start off by checking out these great listings:

$101K   $101K   $102K  

Get started right now by checking out New York Metro Area homes for sale or reviewing New York Metro Area real estate trends.

Demographic facts about the New York Metro Area:

  • The median house value here is $368,700.
  • This area usually gets 116 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 8.3%.
  • There are 13.3 students for every teacher. (15.3 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Weichert Realtors
4 reviews
Re/Max Victory
Snapped 3 homes in this area
Weichert (mindykrause7@gmail.com)
Snapped 499 homes in this area

Agents that specialize in this area
66 snaps in this area
30 snaps in this area
353 snaps in this area
14 snaps in this area
20 snaps in this area
44 snaps in this area
101 snaps in this area
2 snaps in this area
19 snaps in this area
137 snaps in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.