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NYSAR monthly housing report: price of homes continue to increase

todayFebruary 25, 2024 4

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ROCHESTER, N.Y. (WROC) —The New York State Association of REALTORS, Inc. released the January 2024 monthly housing report on Sunday.

NYSAR stated that the interest rates dropped slightly from 6.82 percent in December 2023 to 6.64 percent in January 2024. The data NYSAR uses showed that the median price of homes went up 9.6 percent in January, rising to $400,000 which is an increase from January 2023’s median of $365,000.

Data shows that Monroe County saw a 3.3 percent drop in closed sales from the previous year, with a 9.1 percent increase in median sales. Ontario County saw a 3 percent decrease in median sales from the previous year and a 6.3 percent decrease in home sales.

According to NYSAR data, Orleans County had a 3.2 percent increase in median sales prices while Wayne County saw an 11.5 percent increase. The largest median sales price increase in the Greater Rochester region was seen in Wyoming County with a 101.2 percent increase in year-over-year data for the month of January.

The number of homes for sale across the state dropped 10.2 percent and went from 39,544 homes available in 2023 to 35,492 in 2024. This drop in homes available marks January as the 11th consecutive month that housing inventory has dropped in the state in year-over-year- comparisons according to NYSAR.

For more information and data from NYSAR, click here.

​ ROCHESTER, N.Y. (WROC) —The New York State Association of REALTORS, Inc. released the January 2024 monthly housing report on Sunday.

NYSAR stated that the interest rates dropped slightly from 6.82 percent in December 2023 to 6.64 percent in January 2024. The data NYSAR uses showed that the median price of homes went up 9.6 percent in January, rising to $400,000 which is an increase from January 2023’s median of $365,000.

Data shows that Monroe County saw a 3.3 percent drop in closed sales from the previous year, with a 9.1 percent increase in median sales. Ontario County saw a 3 percent decrease in median sales from the previous year and a 6.3 percent decrease in home sales.

According to NYSAR data, Orleans County had a 3.2 percent increase in median sales prices while Wayne County saw an 11.5 percent increase. The largest median sales price increase in the Greater Rochester region was seen in Wyoming County with a 101.2 percent increase in year-over-year data for the month of January.

The number of homes for sale across the state dropped 10.2 percent and went from 39,544 homes available in 2023 to 35,492 in 2024. This drop in homes available marks January as the 11th consecutive month that housing inventory has dropped in the state in year-over-year- comparisons according to NYSAR.

For more information and data from NYSAR, click here. Read More Real EstateRochesterFirst  

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