How long do homes take to sell in New York?

Homes in the New York area are selling a bit faster than they were a year ago, taking about 47 days to go from listing to pending. That's roughly half the time it took on average across the US in the most recent month. Homes are listed for a median price of $792,000. That's up about 2.2% from the prior month and 0.7% compared to last year. There are more homes for sale now than there were a year ago, with active listings up by 4.8%. We are also seeing many more new listings, which are up 28.2% from last year. Fewer homes are going under contract compared to a year ago, with the pending ratio down 17.6%. This means for every 100 active listings, 52 are pending sale. If you're thinking of selling, your home is likely to sell in about 1.5 months. Make sure your home is priced well from the start to attract buyers quickly.