July 15, 2022

New York Regional Residential Sales Transactions Increase by 15.8% in June 2022

OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For June 2022, OneKey MLS reported a regional closed median sale price of $615,000, representing a 1.70% increase over the reported $605,000 in May 2022. Between May and June 2022, closed regional sales transactions, including residential, condo, and co-op sales, increased to 6,056 from 5,230, representing an 15.80% month-over-month change. 

OneKey® MLS, the largest MLS in New York, aggregates the real estate transactional data from nine counties making up the regional MLS coverage area, and reports individually on each county represented. The infographic demonstrates month-over-month closed median home price comparisons for the region.

Housing Market Recap

Jim Speer, CEO OneKey MLS, said, “While home prices have remained relatively stable over the last several months, housing supply has also remained low. It’s going to take a while for buyer demand to be satisfied, so I would anticipate months of supply and inventory not changing drastically. Rising interest rates will likely keep home prices steady, despite the price increase one would expect to see associated with a limited supply of inventory.”

For further detailed statistical information about residential, condo, and co-op sales transactions, please visit https://www.onekeymls.com/market-statistics

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