Is the housing market slowing down in Buffalo, NY?
Yes — sales activity in Buffalo, NY is down. 607 homes sold during May 2026, against 730 in the same months a year earlier, a drop of 17%.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
The change clears both tests we require before naming a direction: it is more than 3% in relative terms, and it is larger than the ordinary month-to-month variation you would expect on a market that sells 607 homes at a time.
The longer view, all measured over the May window so the season is held constant: 772 homes sold two years ago, 730 last year, 607 now. Activity is meaningfully below where it was two years ago.
What is on the shelf next to what is selling: 1,574 homes were on the market in Buffalo, NY, and 607 sold. At that pace it would take about 2.6 months to clear them all. There are more buyers than homes for sale. Sellers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Buffalo, NY area, through May 2026.
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More about the Buffalo, NY market
- When is the best month to sell a house in Buffalo, NY?
- How long does it take to sell a house in Buffalo, NY?
- Do homes sell above asking price in Buffalo, NY?
- Are home prices going up or down in Buffalo, NY?
- Is Buffalo, NY a buyer's market or a seller's market?
- Are sellers cutting prices in Buffalo, NY?
- What is the average home price in Buffalo, NY?
- How many homes are for sale in Buffalo, NY?
- All Buffalo, NY housing numbers
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Figures come from Redfin's published market data for the Buffalo, NY area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.