New York s population is 20.3M, with a total workforce of 9.8M. The labor market grew by 109,400 jobs over the past year, up by 1.1%. The median household income in New York is $77,579, 2.9% higher than last year and 26.4% above the national average of $61,372. In the housing market, total permits issued totaled 47,090 over the last twelve months, up 0.1% year-over-year. New York has 447 active new home projects on the market, 7.7% more than the 415 from last year. The average list price in the market is $596,191, 7.2% lower than last year and 97.0% above the national average. Over the last three months, new home contracts decreased by 15.5% to 1,546. New York and Brooklyn had the highest concentration of the new home contracts in the New York market.
