New York housing inventory rises nearly 10 percent in September

New York State's housing inventory increased 9.8% year-over-year in September 2026, reaching 35,294 homes available for sale. While inventory and months' supply of inventory grew, the market remains below the balanced level of 6-6.5 months. Median home prices rose 5.9% to $450,000, marking six consecutive months of increases. However, closed sales declined 1.4% and pending sales fell 5.4%, with mortgage rates averaging 6.86% on 30-year fixed mortgages.