OneKey® MLS Footprint Round-Up: Summer Buyers Move Quickly as Competition Heats Up

Summer buyers are moving with urgency across the OneKey® MLS footprint in July, with more homes reaching the closing table as prices climbed to new highs, according to this month’s Monthly Market Insights. 

Closed sales for all property types increased 5.3% year over year to 4,907 transactions, while the median sales price rose 6.4% to $745,000: the highest monthly median recorded yet in regional reports. Pending sales also increased 6.0% to 4,954, suggesting buyer activity remained strong heading into late summer. 

Single-family homes led July’s market, with closed sales up 7.8% to 3,807 and the median price reaching $800,000, while condos saw closed sales rise 1.9% and co-op closed sales decline 6.6%. Perhaps the clearest sign of a competitive summer market is how quickly homes are moving, with single-family properties spending a median of 40 days on the market and selling for an average of 102.1% of their original list price. 

Here’s a further breakdown of what each region is seeing: 

Long Island 

In Nassau County, the single-family market continued to see strong price growth in July. The median sales price reached $880,000, up 2.9% from July 2025, as buyers continued to compete for limited inventory. 

Further east, Suffolk County posted a stronger year-over-year gain, with the median single-family sales price reaching $750,000, a 7.1% increase from last July. Sustained demand and limited supply continued to support home values across Long Island, especially as buyers expanded their search farther outside the city.  

New York City 

Queens remained one of the region’s higher-priced single-family markets, with the median sales price reaching $910,000 in July, up 1.2% year over year. The borough continued to see strong buyer activity despite affordability pressures and limited supply. 

In the Bronx, the median single-family sales price reached $700,000, a 2.2% increase from July 2025, reflecting continued price growth across the borough. 

Hudson Valley 

The Hudson Valley continued to show some of the region’s strongest year-over-year price appreciation. 

Sullivan County posted the largest increase, with the median single-family sales price climbing 15.6% to $410,250. Westchester County followed, with a 9.4% increase to $1.258 million, while Putnam County’s median reached $650,000, up 8.3%.  

Dutchess County saw its median sales price for single-family homes rise 8.0% to $540,000, while Ulster County increased 6.4% to $500,000. Orange County’s median reached $511,000, up 6.3% year over year. 

Rockland County was the exception to the broader Hudson Valley trend, with its median single-family sales price declining 4.0% year over year to $797,000. 

What Does This Mean for Clients? 

July’s market continued to show resilient buyer demand, with pending sales up 6.0% and closed sales rising 5.3% year over year. At the same time, limited inventory and elevated prices are prompting some buyers to look beyond the city for more space and value, helping sustain activity across suburban and Hudson Valley markets. 

The OneKey® MLS service area ended July with 16,866 homes for sale, down 1.3% from last year, with 4.1 months of supply. Single-family homes had just 3.6 months of supply, while demand remained strong, with homes spending a median of 40 days on the market and selling for an average of 102.1% of their original list price. 

For buyers and sellers, opportunities remain as the summer market transitions into fall, with rising prices, strong sales activity and limited inventory creating a dynamic market across the region. Because trends can vary significantly from one county to the next, be sure to explore the latest OneKey® MLS Market Insights for detailed reports, interactive charts and local data to better understand what’s happening in your market and stay ahead of the trends.