"The number of listings on the market shrank 3.1% from last month, which is typical for this time of the year in New York City, and homes are also selling close to the same pace as the same time last year. Typically, home price per square foot in New York City tend to rise in November. And the most recent data shows that the price per square foot increased by 0.3% compared with the month before."
"In November, there were 6,450 homes for sale in New York City, which was 3.1% less than the month before and 3.3% less than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. Homes in New York City take an average of 71 days to sell, according to November figures. This is four days more than the previous month and the same as the same month last year."
Home prices rose slightly in November, with a median listing price of $1,495,000. The number of listings fell 3.1% month-over-month, leaving 6,450 homes for sale, and inventory was 3.3% lower than the same month last year. Price per square foot in New York City increased 0.3% from the prior month, while nationally price per square foot decreased 1.2%. Active inventory across the nation declined 2.5% to 1,072,266. Homes in New York City averaged 71 days on the market in November, four days longer than the previous month and equal to the same month last year, compared with a 64-day national average.
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