New York housing market shows steady prices as sales lag and listings build into spring
April marked a slower start to the spring season in New York, with modest price growth, rising new listings, and weaker sales activity reflecting a market where supply is beginning to shift but buyer demand remains restrained.
Transaction activity remains subdued
Sales activity pulled back further in April, extending a slow start to the spring season. New York recorded 3,479 home sales, a 7.3% decline from a year earlier, while national home sales increased by 0.6%. The weakness looked consistent with a market where affordability remained a constraint and local demand drivers were less supportive than normal. A decline in population and private-sector job losses year over year added another headwind, possibly limiting the pool of buyers and keeping home-buying demand in check.
Inventory rises slowly despite a jump in new listings
Housing supply showed mixed trends. Active listings increased by 1.4% year over year to 24,706 homes, a slower pace than the national gain and ranking near the bottom among the largest U.S. markets. Inventory growth was mixed across property types. The inventory of condos increased by 2.5%. Single-family houses and townhomes each saw year-over-year declines in inventory. At the same time, new listings rose by 13.4% from a year earlier, indicating improved seller participation heading into the spring.
Prices hold steady but trail Northeast peers
Home prices continued to edge higher but showed limited momentum relative to other markets. The median sale price is $730,000, up 0.7% over the past year. However, that growth rate is less than half the nation's overall. Within the Northeast, price growth in New York trailed markets such as Boston, Philadelphia, and Pittsburgh, placing it closer to the middle of large U.S. metros for annual price growth. Even so, New York remained one of the most expensive housing markets in the country, ranking sixth among the top 40 markets, with the median price still roughly 87% above the national level. Single-family home prices supported overall price stability, while townhome and condo prices declined, suggesting uneven conditions in New York’s housing market.
New York Sale Prices
The median home sale price in New York increased by 0.7% compared to the same time last year, while the national median price rose by 1.7%.
New York ranks 20th for annual median price change among the top 40 US markets
New York median home prices rose by $5,000 year over year on a nominal basis in April to $730,000. Meanwhile, the national median home price increased by $6,500 to $390,000.
New York's median home price is above the nation's
New York was the sixth highest-priced housing market among the top 40 largest markets last month. The New York median home price of $730,000 was 87.2% above the national median home price. New York's median home price in April compares to the market's peak of $770,000 recorded in June of 2025.
New York single-family prices increase
The median price of New York single-family homes rose $25,000 over the past year to $805,000, while the median townhome price declined 4.1%, and the median condo price fell 4.8%.
New York Inventory
The number of active listings in New York increased by 1.4% in April compared to the same time last year, while national active listings rose by 6.3%.
New York's inventory of homes for sale increases
New York active listings rose by 339 year over year in April to 24,706 active listings. New York ranked 31st, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.
New York active listings are below their pre-pandemic levels
New York active listings were below their pre-pandemic levels in the month of April. New York active listings were 29.3% below the April 2019 total of 34,968.
New York single-family inventory decreases
New York single-family active listings decreased by 0.2% to 7,430 in April. In comparison, townhome active listings fell by 0.9% to 2,001, and condo active listings increased by 2.5% to 15,275.
New York Home Sales
The number of home sales in New York decreased by 7.3% in April compared to the same time last year, while national home sales rose by 0.6%.
New York home sales decrease
New York home sales declined by 274 year over year on a nominal basis in April to 3,479. For context, 3,753 sales closed in New York in April 2025.
New York's annual home sales activity change ranks 38th nationally
New York ranked 38th for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April decrease of 7.3% compares to the 3.4% year over year decrease in April 2025.
Single-family sales in New York are lower than a year ago
New York single-family sales decreased by 7.6% in April to 1,442. In comparison, townhome sales fell by 10.2% to 336, and condo sales fell by 6.5% to 1,701.
For questions and commentary about this report:
Victor Rodriguez, Senior Director of Market Analytics at CoStar and Homes.com, based in New York, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Victor Rodriguez
Senior Director of Market Analytics
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in New York during April 2026.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Inventory
Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Home Sales
The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.