Market Intelligence Report — NY-NJ-620

New York-Newark-Jersey City, NY-NJ

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NY-NJ-07
As of the latest 2026 data
Stabilizing

Median Listing

$772K
-0.4% YoY

Pending Ratio

0.52
-16.5% YoY

Active Inventory

37,898
+2.9% YoY

Median DOM

53 Days
-2.8% YoY

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The New York-Newark-Jersey City metro housing market is stabilizing, with a pending ratio of 0.52 indicating balanced demand absorption relative to available inventory. Active listings have shown a modest 2.9% increase over the past year, contributing to this stabilization.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the New York-Newark-Jersey City market right now.

Over the past year, the pending ratio declined by 16.5%, even as active listings saw a slight 2.9% rise. New listings decreased by 4.5% year-over-year. Despite these shifts, median listing prices showed a slight 0.4% decline year-over-year, while median price per square foot increased by 2.6%. Days on market have marginally decreased by 2.8% over the past year.

Historical Analysis

Market Trends

Median Price

$772K-2.5% MoM

Active Inventory

37,898+2.9% YoY

Days on Market

53-2.8% YoY

Sold Score™

69-16.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

69
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.52, the market exhibits a more measured pace of transactions. The modest year-over-year increase in active listings suggests some easing of inventory pressure, which may encourage greater price discipline. Negotiating leverage is likely balanced, reflecting the current absorption rate.

Luxury Segment

The average listing price of $1,542,780 is significantly elevated compared to the median listing price of $772,250, indicating a substantial premium for higher-tier properties. However, the average listing price experienced only a marginal 0.3% year-over-year increase, suggesting some moderation in the highest price segments.

Supply Dynamics

37,898 active listings represent the current floor, with new supply arriving at roughly 13,914 per month.

Pricing Pressure
9.7%

of active listings carry a price reduction, +0.7% from prior period.

$/Sq Ft
$1K

Median price per square foot has moved +2.6% year-over-year.

Absorption
0.52

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in New York-Newark-Jersey City, NY-NJ? Buyer Demand Index is running at 52%.

New York-Newark-Jersey City, NY-NJ is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
52%
Median Days on Market
53 days
Inventory YoY
+3%

New York-Newark-Jersey City, NY-NJ is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
New York-Newark-Jersey City, NY-NJ
CBSA Code
35620
State
NY-NJ
Analysis FAQ
  • What is the current market condition in New York-Newark-Jersey City?+

    As of the latest 2026 data, the New York-Newark-Jersey City metro is classified as Stabilizing. Pending ratio is 0.52 with median days on market at 53.

  • Are home prices dropping in New York-Newark-Jersey City?+

    Median listing price is $772K, -0.4% year over year. 9.7% of active listings carry a price reduction.

  • How fast are homes selling in New York-Newark-Jersey City?+

    The typical listing sits 53 days on market, a -2.8% change YoY. New listings are arriving at 13,914 per month.

  • What's happening in the New York-Newark-Jersey City luxury market?+

    The average listing price of $1,542,780 is significantly elevated compared to the median listing price of $772,250, indicating a substantial premium for higher-tier properties. However, the average listing price experienced only a marginal 0.3% year-over-year increase, suggesting some moderation in the highest price segments.

  • Where can I find a trusted New York-Newark-Jersey City real estate expert?+

    Primpted maintains a vetted registry of New York-Newark-Jersey City agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 35620 · 36mo history