New York Home sales prices, inventory climb as interest rates continue to fall

By HOM Editor

May 2019 New York State Housing Market

New York home sales prices, inventory climb as interest rates continue to fall.

Posted by Home Ownership Matters on Tuesday, July 16, 2019

Home sales prices continued to rise in New York State in May, while the inventory of homes for sale also inched upwards for the sixth consecutive month, according to the housing market report released by the New York State Association of REALTORS®.

There also continues to be good financial news for home buyers. According to Freddie Mac, the 30-year fixed rate mortgage rate dropped for the sixth straight month to 4.07 percent in May, the lowest rate since January 2018.


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