"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."
"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. New York City inventory 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."
Median listing price in September was $1,425,000, with home prices falling moderately from the month before. Price per square foot in New York City decreased 0.4% month-over-month. Nationally, price per square foot decreased 0.8%, indicating smaller price changes in New York City than across the nation. There were 6,081 homes for sale in New York City, up 1.7% from the previous month and down 8.4% year-over-year. Active national inventory rose 0.2% month-over-month to 1,100,407. Homes in New York City spent an average of 84 days on the market, nine days fewer than the previous month and six days fewer than the same month last year. National average time on market was 62 days.
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