New York Home Sales Remain Strongmortgagepress.comNew York State Association, NYSAR, home sales
According to data accumulated by the New York State Association
of Realtors, sales of existing single-family homes in New York
increased by more than 21 percent in March of 2001, as compared to
February's numbers. The data indicated an increase in average
selling price and a decrease in sales, as compared to March
2000.
The March 2001 sales total of 5,784 represents a 21.5 percent
increase from the February total of 4,762. The March sales total
was 5.1 percent lower than the March of 2000 sales total of 6,094.
The statewide average selling price increased by 4.8 percent to
$130,952, from the $124,933 average in March of 2000. The March
average increased 1.6 percent from the February of 2001 average of
$128,858.
Of the local boards/associations reporting, 17 reported sales
gains compared to a year ago and 36 showed increased from February.
Niagara Frontier at 450 percent and Yates at 172.7 percent led the
state in terms of sales growth from last March. Yates also posted
the greatest sales increase as compared to February, with sales
rising by 275 percent.
Twenty-seven boards reported average selling price gains, as
compared to a year ago, and 23 showed increases from February.
Niagara Frontier at 141.6 percent and Western Steuben/Allegany at
84.5 percent led the state in terms of average selling price from
last March. Western Steuben/Allegany also posted the greatest
increase, as compared to February, with the average selling price
increasing by 88.2 percent.
