The typical home listed in New York is priced at $605,000, down 0.1% from a year ago. Homes are spending a median of 61 days on the market, indicating a slower market that favors buyers. Against a median household income of $85,974, the price-to-income ratio is about 7.0, a severely unaffordable level for local buyers.
| Metric | Value |
|---|---|
| Median Listing Price | $605,000 |
| YoY Price Change | -0.1% |
| Median Days on Market | 61 days |
| Active Listings | 40,537 |
| Median Household Income | $85,974 |
| Homeownership Rate | 54.4% |
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