ATTOM’s Real Estate Sales Trends for New York
New York State Shows Booming Real Estate Sales Trends
New York state’s real estate sales trends are extreme, depending on the economic climate. ATTOM provides the data that makes it possible to identify sales trends and anticipate market shifts.
The COVID-10 pandemic hit New York city’s real estate industry hard. Sales prices in Manhattan deflated, but picked up momentum in the wake of the pandemic. In less expensive areas of the city, like Brooklyn and Queens, renters received discounts during the pandemic, but sales prices in the less-expensive areas were higher than they were pre-pandemic. As people returned to the city, inventory shrunk, and prices went up.
In other areas of the state, outside of the city, the New York real estate market became lucrative for buyers and sellers. Low mortgage rates and the desire to escape large cities during the pandemic pushed up demand and sales prices. Buyers from New York City, Connecticut, and New Jersey bought properties in the Adirondacks and the Finger Lakes as remote working allowed them to enjoy quieter small cities and towns. The most popular towns are Hudson, Saratoga Springs, Bolton Landing, Lake Placid, and the Finger Lakes. Residents can work from home, enjoy the escape from the city, yet commute when they need to within two or three hours.
Know What’s Going on in New York’s Real Estate Market
Keep your finger on NY real estate market trends data.
Uncover annual home price appreciation trends.
Find markets that are surging past pre-recession peaks.
Find where home seller gains are strongest.
Discover areas with the most institutional investor activity.
Learn where those first-time homebuyers are purchasing.
The New York housing market data is based on ATTOM’s Home Sales Report.
Discover the following trends for the state of New York:
- Home seller price gains
- All-cash purchases
- Median home sales prices
- Institutional investor purchases
Various industries need New York’s real estate sales trends data. Real estate agents, real estate investors, marketers all need to know the markets that are exploding past pre-recession levels and markets that are hot for investors.