New York Housing Inventory Extends 15-Month Climb in May

New York State's housing market showed mixed signals in May 2026, with inventory rising 3.2% year-over-year to 30,489 units and pending sales increasing 5.6%. However, closed sales declined 11.6% to 7,156 homes, while median sales prices continued climbing to $444,510, up 3.4% from May 2025. Mortgage rates averaged 6.44% on 30-year fixed mortgages.