During March of 2023, the New York metro area witnessed a substantial 34% decrease in the sales volume of single-family homes in comparison to the same month in 2022. Merely 6,920 homes were sold during this time.

Additionally, the area’s inventory for sale by the end of March 2023 decreased by 1% from the previous year, with 30,940 homes available for purchase.

Learn more about the metrics in PropMix Market Insights.

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