{"id":36889,"date":"2021-12-13T15:48:07","date_gmt":"2021-12-13T20:48:07","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=36889"},"modified":"2021-12-13T15:48:07","modified_gmt":"2021-12-13T20:48:07","slug":"state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/","title":{"rendered":"State Realtors Group Says Sale Prices Of Homes Rose For 18th Straight Month"},"content":{"rendered":"<p>Closed sales have continued to drop across the Empire State while home prices have risen for 18 consecutive months, according to the housing report released by the New York State Association of Realtors.<\/p>\n<p>After escalating for 13 straight months, closed sales in New York have receded in back-to-back months. Sales fell 10 percent from 15,401 homes this time last year to just 13,867 sales in October 2021. Pending sales dropped as well, falling to 14,108 homes\u2014a 6.45 percent decrease from the 15,069 sales last October. New listings of homes also fell, decreasing from 18,440 listings in October 2020 to 15,507 last month. This marks a 15.9 percent decrease in year-over-year comparisons.<\/p>\n<p>Median sales prices continued to rise in October. The median price of $370,000 last month marks a 10.1 percent increase from the $336,000 price in October 2020. The New York market has now seen 18 consecutive months of median sales increases in year-over-year comparisons.<\/p>\n<p><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span>Inventory of homes for sale declined 23.1 percent from 53,468 homes available last October to just 41,093 on the market across the state in October 2021.<\/p>\n<p>Specific data for Saratoga County was not available.<\/p>\n<p>Mortgage interest rates are starting to inch higher as well. According to Freddie Mac, the monthly average on a 30-year, fixed-rate mortgage in October rose to 3.07 percent\u2014the first time above three percent since April.<\/p>\n<p>Additional data is available at www.nysar.com\/industry-resources\/market-data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Closed sales have continued to drop across the Empire State while home prices have risen for 18 consecutive months, according to the housing report released by the New York State Association of Realtors. After escalating for 13 straight months, closed sales in New York have receded in back-to-back months. Sales fell 10 percent from 15,401 [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-36889","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>State Realtors Group Says Sale Prices Of Homes Rose For 18th Straight Month - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"State Realtors Group Says Sale Prices Of Homes Rose For 18th Straight Month - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Closed sales have continued to drop across the Empire State while home prices have risen for 18 consecutive months, according to the housing report released by the New York State Association of Realtors. After escalating for 13 straight months, closed sales in New York have receded in back-to-back months. Sales fell 10 percent from 15,401 [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Saratoga Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2021-12-13T20:48:07+00:00\" \/>\r\n<meta name=\"author\" content=\"Jake Van Ness\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Van Ness\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/\",\"name\":\"State Realtors Group Says Sale Prices Of Homes Rose For 18th Straight Month - Saratoga Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\"},\"datePublished\":\"2021-12-13T20:48:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/a11ec438b5f0e57f1156754ba3931b86\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"State Realtors Group Says Sale Prices Of Homes Rose For 18th Straight Month\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/\",\"name\":\"Saratoga Business Journal\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/a11ec438b5f0e57f1156754ba3931b86\",\"name\":\"Jake Van Ness\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0d74f7533bd2ebb3908a187893d5eafbf1ee7752b11715c976372134cbea918d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0d74f7533bd2ebb3908a187893d5eafbf1ee7752b11715c976372134cbea918d?s=96&d=mm&r=g\",\"caption\":\"Jake Van Ness\"},\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/author\/jakev\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"State Realtors Group Says Sale Prices Of Homes Rose For 18th Straight Month - Saratoga Business Journal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/12\/state-realtors-group-says-sale-prices-of-homes-rose-for-18th-straight-month\/","og_locale":"en_US","og_type":"article","og_title":"State Realtors Group Says Sale Prices Of Homes Rose For 18th Straight Month - Saratoga Business Journal","og_description":"Closed sales have continued to drop across the Empire State while home prices have risen for 18 consecutive months, according to the housing report released by the New York State Association of Realtors. 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