Is New York a seller's market right now?

There are signs that New York's housing market is favoring buyers more right now. We're seeing a slight increase in available homes and prices are down a bit. This gives buyers a bit more breathing room. Right now, the median listing price is $749,000. This price has dropped slightly, by 3.0% from the previous month and 1.5% compared to a year ago. It suggests that home values are not appreciating at the moment. There are 36,676 active listings, which is up 3.2% from a year ago. This means there are more homes on the market for people to choose from. However, new listings are down 1.7% over the past year, so fewer new homes are coming up for sale. Homes are staying on the market for 56 days, which is slightly less time than last year. At the same time, 10.2% of homes have had their prices reduced, a slight increase from a year ago. This indicates some sellers might be adjusting their expectations to attract buyers. The pending ratio, which compares pending sales to active listings, is 0.51, a significant drop of 17.3% from a year ago. A lower pending ratio often means homes aren