Should I move to New York?

The New York-Newark-Jersey City area has a median listing price of $792,000 right now. This is a bit higher than last month but not much different from last year. More homes are coming onto the market and selling quickly, which is a good sign for people looking to move. Right now, the median home price in your desired area is $792,000. This is up slightly from last month by 2.2% but basically the same as it was last year, only 0.7% higher. The area has seen a good jump in available homes, with new listings up by 28.2% over the past year. This means there are more options to choose from if you're looking to buy. Homes are also selling a bit faster than last year, spending 47 days on the market, which is 4.1% less time. This suggests that buyers are making decisions more quickly. However, the number of homes going under contract a few months ago, shown by the pending ratio, is down significantly (17.6%) compared to last year. This means that while many homes are being listed, they are not quite translating into sales as quickly as before. If you are thinking of moving here, be ready for homes to go quickly, but also know that there are more options appearing on the market than there were a year ago.