In September, home prices fell moderately from the month before, with a median listing price of $1,425,000.
The number of listings on the market grew 1.7% from last month, which is a smaller increase than normal for this time of the year in New York City, and homes are also selling faster than at the same time last year.
Typically, home price per square foot in New York City tend to fall in September. And the most recent data shows that the price per square foot decreased by 0.4% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Big Apple are smaller the national market.
In September, there were 6,081 homes for sale in New York City, which was 1.7% more than the month before and 8.4% less than the same time last year.
Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407.
Homes in New York City take an average of 84 days to sell, according to September figures.
This is nine days less than the previous month and six days less than the same month last year.
For comparison, nationally homes spent an average of 62 days on the market in September.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in New York, NY.