{"id":2735,"date":"2021-05-08T13:15:41","date_gmt":"2021-05-08T18:15:41","guid":{"rendered":"https:\/\/1reason.com\/re\/new-york-housing-market-continues-to-be-busy-in-march\/2735\/"},"modified":"2021-05-09T08:15:41","modified_gmt":"2021-05-09T13:15:41","slug":"new-york-housing-market-continues-to-be-busy-in-march","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/new-york-housing-market-continues-to-be-busy-in-march\/2735\/","title":{"rendered":"New York housing market continues to be busy in March"},"content":{"rendered":"
<\/div>\n


\n <\/p>\n

<\/p>\n
NYS March 2021 Housing Data<\/h5>\n

\n <\/p><\/div>\n


\n <\/p>\n

ALBANY, N.Y., April 22, 2021 (GLOBE NEWSWIRE) — Closed and pending sales remained robust in March, marking the seventh straight month of gains in year-over-year comparisons, according to the housing report released today by the New York State Association of REALTORS\u00ae<\/sup>.<\/p>\n

Closed sales climbed 36.7 percent in March \u2013 from 8,051 homes at the beginning of the pandemic last March to 11,008 this year. Pending sales jumped from 9,276 homes in March 2020 to 14,757 units this year \u2013 a 59.1 percent increase.<\/p>\n

Inventory levels continue to struggle as the number of homes for sale across New York fell 30.1 percent \u2013 from 52,536 homes in March 2020 to just 36,739 units available last month.<\/p>\n

Median sales prices once again were on the rise, escalating to $365,000 in March 2021. This represents a 30.4 percent increase from the $280,000 median price in March 2020.<\/p>\n

Mortgage interest rates however, rose for the third consecutive month. According to Freddie Mac, the monthly average on a 30-year fixed rate mortgage in March jumped to 3.08 percent. Yet, this is still lower than the 2020 average rate of 3.11 percent.<\/p>\n

Additional data is available at http:\/\/www.nysar.com\/industry-resources\/market-data.<\/a><\/p>\n

Editor\u2019s Note: All data is compiled from multiple listing services in the state of New York and the data include townhomes, condominiums and existing single-family homes.<\/em><\/p>\n

The New York State Association of REALTORS\u00ae<\/sup> is a not-for-profit trade organization representing more than 60,000 of New York State\u2019s real estate professionals. The term REALTOR\u00ae<\/sup> is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS\u00ae<\/sup>. These REALTORS\u00ae<\/sup> are also members of the New York State Association of REALTORS\u00ae<\/sup> as well as their local board or association of REALTORS\u00ae<\/sup>.<\/p>\n

Information:
518.463.0300
www.nysar.com<\/a><\/p>\n

Contact:
Scott Morlock
Director of Communications
518-463-0300 x208 office
smorlock@nysar.com<\/a><\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/a1dd3ec3-39f6-48fe-b481-1d023a925daf<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\n
<\/p>\n
NYS March 2021 Housing Data <\/p>\n
\"NYS <\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2735"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=2735"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2735\/revisions"}],"predecessor-version":[{"id":2746,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2735\/revisions\/2746"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}