August 23, 2022

Rule 310.6 Original Listing Date Retained

When listing information is changed or if the Property is re-listed by the same listing broker before the original expiration or extended expiration date of the original listing, and the Property Class remains the same, then the listing shall retain its original listing date. The only exception to this is if the listing was Withdrawn or Canceled and remained off the market for at least sixty (60) days, then in this case a new listing can be signed and entered with the new listing date.

Rule 309.1 Photograph Required

All listings, except for businesses for sale or rent, must include at least one front, exterior photograph of the Property, which must be attached to the listing within twenty-four (24) hours of the listing being entered into the MLS System.

N.B. This applies to all listings, including “Coming Soon” listings.

OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For July 2022, OneKey MLS reported a regional closed median sale price of $620,000, representing a 0.81% increase over the reported $615,000 in June 2022. Between June and July 2022, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 5,461 from 6,202, representing a 9.10% month-over-month change.

Housing Market Recap

“Our market is still strong, as seen from rising home prices, but the rate of growth has been slowing over the last few months,” Jim Speer CEO OneKey MLS said. “It’s still a seller’s market, however, as it takes approximately a five-months’ supply of for-sale housing to create a balance between buyers and sellers, and regional inventory is currently hovering just under the three-month mark.”