November 2025- New Listings Increased

Queensbury, NY- U.S. sales of existing homes rose 1.2% from the previous month to a seasonally adjusted annual rate of 4.10 million, according to the National Association of REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall. Sales increased in the Midwest and South, held steady in the Northeast, and edged down in the West. Year-over-year, sales were up 1.7%, with gains in the Northeast, Midwest, and South, while the West posted a decline.

New Listings increased 4.1 percent to 333. Pending Sales decreased 2.3 percent to 291. Inventory decreased 0.4 percent to 916.

Median Sales Price increased 11.5 percent from $368,450 to $411,000. Days on Market decreased 3.0 percent to 32. Months Supply of Inventory decreased 3.6 percent to 2.7.

Nationally, inventory dipped 0.7% month-over-month but rose 10.9% year-over- year, totaling 1.52 million units, according to NAR. At the current sales pace, supply stands at 4.4 months, slightly below last month’s level but higher than the 4.1 months recorded a year ago. Supported by modest inventory levels, prices continue to rise, with the national median existing-home price increasing 2.1% year-over-year to $415,200, marking 28 consecutive months of annual gains.

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.