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


Ask a local expert about this area:
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Besmatch Real Estate
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Julia B Fee Sothebys Int. Rlty
Snapped 11 homes in this area

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