"In September, home prices fell moderately from the month before, with a median listing price of $1,425,000. The number of listings on the market grew 1.7% from last month, which is a smaller increase than normal for this time of the year in New York City, and homes are also selling faster than at the same time last year. Typically, home price per square foot in New York City tend to fall in September."
"And the most recent data shows that the price per square foot decreased by 0.4% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Big Apple are smaller the national market. In September, there were 6,081 homes for sale in New York City, which was 1.7% more than the month before and 8.4% less than the same time last year."
September median listing price in New York City was $1,425,000, with home prices falling moderately month-over-month. Price per square foot in New York City decreased 0.4% from the prior month, compared with a 0.8% national decrease. Inventory in the city totaled 6,081 homes for sale, up 1.7% month-over-month but down 8.4% year-over-year. National active inventory rose 0.2% to 1,100,407. Homes in New York City averaged 84 days on market in September, nine days faster than the previous month and six days faster than the same month last year, versus 62 days nationally.
Read at SFGATE
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