Sunday, May 5, 2024 | The Latest Buzz for the Appraisal Industry

Numbers of New York Homes on the Market Drops 30% in One Year

Inventory of homes for sale dropped to historically low rates in the beginning of 2022 while home prices continue to rise across New York State, according to the housing report released by the New York State Association of REALTORS. Inventory of homes for sale fell 30.3% in January 2022 – from 42,383 homes in January 2021 to just 29,535 this year. This marks the lowest housing inventory since 2007. Months’ supply of inventory plummeted

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