Start by checking the report’s period, its as-of date and its geography, such as Richmond County for Staten Island. Then read each measure by its published definition. Median sales price is the midpoint of the month’s closed sales, not the value of any one home. Inventory counts active listings; months supply relates them to the recent pace of pending sales.
This article is general information. It does not give current market figures.
What should you check before reading any numbers?
Check three things before you read a single figure:
- Reporting period. This is the month the figures describe. For example, the reviewed September edition prints an October as-of date.
- As-of date. NYSAR’s Monthly Indicators prints a “current as of” date. Record that date alongside the reporting month.
- Geography. A statewide total, a county row and a local board report cover different areas. For Staten Island, look for Richmond County or a Staten Island report.
The NYSAR report also says its data comes from multiple listing services in New York State and that its percent changes are calculated from rounded figures. Check each publisher’s coverage and methods before comparing figures.
What do the common market report measures mean?
The definitions below are summarized from NYSAR’s Monthly Indicators (September 2026 edition, current as of October 10, 2026). Other publishers may define these terms differently, so read each report’s own definitions.
| Measure | What it counts | What it does not tell you |
|---|---|---|
| New listings | Properties newly listed in the month | How many buyers are looking |
| Pending sales | Properties with an accepted offer in the month | Final sale prices |
| Closed sales | Sales that actually closed in the month | Offers still in progress |
| Days on market until sale | Average number of days from listing to accepted offer in the month | How long any one home will take |
| Median sales price | The point where half of sales sold for more and half for less, not accounting for seller concessions | What any one home is worth |
| Average sales price | Average price of all closed sales, not accounting for seller concessions | A typical home, since a few sales can pull an average up or down |
| Percent of list price received | Average of each sold property’s sale price divided by its most recent list price, not accounting for seller concessions | Negotiation results on a specific sale |
| Inventory of homes for sale | Properties in active status at the end of the month | Homes listed and sold within the month |
| Months supply of inventory | End-of-month inventory divided by average monthly pending sales over the last 12 months | A forecast |
Why is a median price not your home’s price?
A median sales price is the midpoint of sale prices in a period. The homes that sold may differ from yours in type, size, condition and location, and that mix changes from month to month. A median can rise or fall because different kinds of homes sold, even if no individual home’s value changed. Use the median to understand the overall market. Base a pricing discussion on the specific property.
How do you find the Staten Island figures in a report?
- NYSAR Monthly Indicators: the September 2026 report has an Activity by County section with a Richmond County row covering new listings, closed sales, median sales price, homes for sale and months supply. The statewide pages describe New York State as a whole, not Staten Island.
- Staten Island Board of REALTORS®: the board’s Market Trends page posts monthly Staten Island historical reports. Check the month on any report you open.
When you compare reports, match the period, the geography and the publisher. A September county figure and an August local board figure are not directly comparable.
How can you use a market report in a real estate conversation?
Note the publisher, period, as-of date and geography for every figure you write down. Then bring your questions to a conversation about a specific property. If you’re buying, you can browse Staten Island residential homes for sale on the PreReal™ Prendamano Real Estate website.
What else do people ask about market reports?
Is a median sales price what my home is worth?
No. In NYSAR’s report, the median is the point where half of the month’s sales sold for more and half sold for less, without accounting for seller concessions. One home’s price depends on that property, and a pricing conversation should be based on that property.
Why do pending sales and closed sales differ?
They count different stages. Pending sales count properties with an accepted offer in the month. Closed sales count sales that actually closed in the month, so the two numbers usually come from different groups of homes.
What does months supply of inventory mean?
In NYSAR’s report, it is the inventory of homes for sale at the end of the month divided by the average monthly pending sales over the last 12 months. It describes how listings compare with the recent pace of accepted offers. It doesn’t forecast what any one home will do.
Are statewide numbers the same as Staten Island numbers?
No. A statewide figure combines activity from across New York State. For Staten Island, look for the Richmond County row or a Staten Island report, and don’t swap one in for the other.
Why does a report’s date matter?
The report month and its as-of date describe different things. The reviewed September edition of NYSAR’s Monthly Indicators prints an October as-of date. Note both dates before comparing reports or quoting a figure.
Where can I find Staten Island market reports?
NYSAR’s Monthly Indicators includes an Activity by County section with a Richmond County row. The Staten Island Board of REALTORS® posts monthly Staten Island historical reports on its Market Trends page. Check that both the month and the geography match what you need.
Want to talk through a Staten Island market report? Contact PreReal™ Prendamano Real Estate at 7448 Amboy Road, Staten Island, NY 10307, or call 718-200-7799.
Equal Housing Opportunity. PreReal™ Prendamano Real Estate, 7448 Amboy Road, Staten Island, NY 10307, 718-200-7799.
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