Inventory levels across New York State recorded a 3.2% year-over-year increase, climbing from 29,540 units in May 2025 to 30,489 homes on the market last month.
According to the New York State Association of Realtors, May was the fifteenth consecutive month of annual inventory growth.
Pending sales were also on the rise, up 5.6% from 10,346 homes under contract in May 2025 to 10,922 last month. But new listings only inched up by a scant 0.1% year-over-year while closed sales declined 11.6% year-over-year, falling from 8,099 homes sold in May 2025 to 7,156 last month.
The median sales price of $444,510 was a 3.4% upswing from the $430,000 price tag last May. In year-over-year comparisons, the monthly median sales price has depreciated just once since July 2023.
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