October 2025- Sales Price Increased

Queensbury, NY-U.S. existing-home sales climbed 1.5% month-over-month and 4.1% year over-year, reaching a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS® (NAR). The increase was partly driven by falling mortgage rates, which recently hit their lowest level in more than a year. Regionally, monthly sales advanced in the Northeast, South, and West, while the Midwest experienced a slight decline.

New Listings increased 0.7 percent to 454. Pending Sales increased 10.8 percent to 419. Inventory decreased 6.2 percent to 975.

Median Sales Price increased 7.4 percent from $380,000 to $408,000. Days on Market decreased 6.1 percent to 31. Months Supply of Inventory decreased 9.4 percent to 2.9.

Housing inventory edged up 1.3% from the previous month to 1.55 million units, 14.0% higher than the same period last year. This represents a 4.6- month supply at the current sales pace, according to NAR. The median existing-home price grew 2.1% year-over-year to $415,200, continuing the trend of annual price gains. The Midwest saw the largest year-over-year increase in median sales price, followed by the Northeast and South, while prices remained mostly flat in the West.

Residential activity in the counties of Essex, Hamilton, Saratoga, Warren, and Washington is composed of single-family properties, townhomes, and condominiums combined.  Percent changes are calculated using rounded figures.