New York s population is 19.9M, with a total workforce of 10.0M. The labor market grew by 15,400 jobs over the past year, up by 0.2%. The median household income in New York is $78,631, 0.2% higher than last year and 24.5% above the national average of $63,179.
In the housing market, total permits issued totaled 57,291 over the last twelve months, up 25.1% year-over-year. New York has 471 active new home projects on the market, 8.5% fewer than the 515 from last year. The average list price in the market is $539,018, 3.5% lower than last year and 67.7% above the national average. Over the last three months, new home contracts decreased by 27.7% to 1,402. New York and Brooklyn had the highest concentration of the new home contracts in the New York market.