New York Housing Inventory Rises Nearly 10 Percent In September

(MENAFN- GlobeNewsWire - Nasdaq) ALBANY, N.Y., Oct. 20, 2026 (GLOBE NEWSWIRE) -- The number of homes available for sale across New York State increased nearly 10 percent in September, while home prices continued to rise compared to a year ago, according to the latest housing report released by the New York State Association of REALTORS^®.

Statewide housing inventory climbed 9.8 percent year-over-year, from 32,149 homes in September 2025 to 35,294 homes in September 2026. Months' supply of inventory also grew 11.1 percent, increasing from 3.6 months to 4.0 months. A 6-month to 6.5-month supply is generally considered a balanced housing market.

Home prices continued their upward trend in September. The statewide median sales price rose 5.9 percent to $450,000, up from $425,000 one year earlier. This marks six consecutive months in increasing median sales prices.

Closed sales dipped 1.4 percent in September, falling from 10,029 transactions a year ago to 9,893 last month. Pending sales declined 5.4 percent, from 9,614 homes under contract in September 2025 to 9,091 this year. Meanwhile, new listings edged up 1.2 percent, with 13,867 homes entering the market compared to 13,696 in September 2025.

Mortgage rates moved higher in September, averaging 6.86 percent on a 30-year fixed-rate mortgage, according to Freddie Mac. That was up from 6.67 percent in August and 6.35 percent in September 2025. Rates also climbed above 7 percent toward the end of the month, reaching 7.03 percent on September 24. It marked the first time the weekly average had topped 7 percent since January 2025, when rates reached 7.04 percent.

Additional data is available at .

Editor's 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.

The New York State Association of REALTORS^® is a not-for-profit trade organization representing nearly 60,000 of New York State's real estate professionals. The term REALTOR^® 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^®. These REALTORS^® are also members of the New York State Association of REALTORS^® as well as their local board or association of REALTORS^®.

Contact:

Scott Morlock
Director of Communications
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A photo accompanying this announcement is available at

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