Kiryas Joel-Poughkeepsie-Newburgh, NY

With a pending ratio of 0.14, the current environment indicates significant pressure on sellers to adjust pricing and strategy, as demand absorption is severely lagging supply. The expanding inventory of active listings suggests that the pace of transactions is slow, necessitating greater price discipline and extended marketing periods for properties.

The average listing price has declined by 4.8% year-over-year to $830,249, diverging from the 4.5% year-over-year increase in the median listing price and indicating softness in the higher-priced segments.

2,050 active listings represent the current floor, with new supply arriving at roughly 708 per month.

of active listings carry a price reduction, +6.1% from prior period.

Median price per square foot has moved +3.8% year-over-year.

Pending-to-active ratio — Very Weak.