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Housing data in Bedford NY.

New York State housing market showing positive signs | Katonah Real Estate

Buoyed by a strong economy and continued low mortgage rates, the New York State housing market showed an upward climb in sales and listings in September, according to the housing market report released today by the New York State Association of REALTORS®.

Closed sales in New York totaled 11,467 units in the month of September, a 1.6-percent increase from this time last year. New listings and pending sales rose substantially in September – up 7.5-percent to 18,161 homes and 7.6-percent to 11,182 respectively.

For the third quarter, closed sales were down marginally, 0.8-percent to 38,722 homes but both new listings and pending sales trended upward.  There were 56,361 new listings this quarter, a 1.2-percent increase, while pending sales rose 4.9-percent to 37,766 homes.

Interest rates remained low, down 0.1-percent to 3.61 percent on a 30-year fixed mortgage, according to Freddie Mac. This is the fourth consecutive month that interest rates were below 4.0-percent.

Median sales prices once again climbed in September, up 5.7-percent to $280,000. Quarterly prices surged upwards as well, rising 5.5-percent to $290,000. Inventory levels were down for September, 2.9-percent to 71,737 homes for sale.

Sept 2019 Stats Infographic

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https://www.nysar.com/industry-resources/market-data

New housing in the U.S. | Chappaqua Real Estate

Highlights of Annual 2017 Characteristics of New Housing

Of the 795,000 single-family homes completed in 2017:

  • 742,000 had air-conditioning.
  • 79,000 had two bedrooms or less and 362,000 had four bedrooms or more.
  • 30,000 had one and one-half bathrooms or less and 296,000 homes had three or more bathrooms.
  • 213,000 had vinyl siding as the primary exterior wall material.
  • 204,000 had a full or partial basement.
  • 517,000 had a 2-car garage and 48,000 had a 1-car garage.

The median size of a completed single-family house was 2,426 square feet.

Of the 358,000 multifamily units completed in 2017:

  • 7,000 had a fireplace.
  • 200,000 were in buildings with four floors or more.
  • 235,000 were heated using electricity.
  • 183,000 had one bathroom.

The median size of multifamily units built for rent was 1,088 square feet, while the median of those built for sale was 1,494 square feet.

Of the 14,000 multifamily buildings completed in 2017:

  • 3,000 had 4 floors or more.
  • 1,000 had 50 units or more.
  • 7,000 were heated by a heat pump.
  • 12,000 had wood framing.

Of the 613,000 single-family homes sold in 2017:

  • 544,000 were detached homes and 68,000 were attached homes.
  • 370,000 had a forced-air furnace
  • 131,000 had a garage for 3 cars or more.
  • 149,000 had vinyl siding as the primary exterior wall material.
  • 556,000 had wood framing.

The median sales price of new single-family homes sold in 2017 was $323,100, while the average sales price was $384,900.

The median size of a new single-family home sold was 2,457 square feet.

116,000 contractor-built single-family homes were started in 2017.

The median contract price was $271,100.

Housing Affordability Edges Lower in Third Quarter | Bedford Corners Real Estate

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Ongoing home price appreciation offset a small decline in mortgage interest rates to move housing affordability slightly lower in the third quarter of 2016, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

In all, 61.4 percent of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $65,700. This is down from the 62.0 percent of homes sold that were affordable to median-income earners in the first quarter.

hoi-ppt-q316

The national median home price increased from $240,000 in the second quarter to $247,000 in the third quarter. Meanwhile, average mortgage rates edged lower from 3.88 percent to 3.76 percent in the same period.

Elgin, Ill., was rated the nation’s most affordable major housing market, where 94.3 percent of all new and existing homes sold in this year’s third quarter were affordable to families earning the area’s median income of $82,500. Meanwhile, Fairbanks, Alaska, was rated the nation’s most affordable smaller market, with 97.7 percent of homes sold in the third quarter being affordable to families earning the median income of $93,800.

For the 16th consecutive quarter, San Francisco-Redwood City-South San Francisco, Calif., was the nation’s least affordable major housing market. There, just 9.7 percent of homes sold in the third quarter were affordable to families earning the area’s median income of $104,700.

 

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http://eyeonhousing.org/2016/11/housing-affordability-edges-lower-in-third-quarter/