Should I move to New York?

Really thinking about moving to New York? The housing market there is still quite expensive, with a median listing price of $749,000. This price has seen a small dip recently, both month-over-month and over the past year. Also, homes are staying on the market for an average of 56 days, which is a bit quicker than last year. This means properties are selling a little faster. There are currently 36,676 homes available for sale, which is a slight increase compared to last year. This gives you a few more options to look at. However, the number of new homes coming onto the market has gone down slightly. The average listing price is even higher at $1,456,869. About 10% of homes have had their prices reduced, suggesting some wiggle room for buyers. Also, the number of pending sales compared to active listings, known as the pending ratio, is lower than last year. This means fewer homes are going under contract compared to how many are available. Overall, be ready for high prices, but know that some aspects of the market show slight shifts compared to recent times. You might find a bit more inventory and some opportunities for price negotiations.