Empire State housing sales up from FebruaryMortgagePress.comNYSAR, existing home sales, median selling price, Duncan MacKenzie
Sales of existing single-family homes in New York state in March
increased by more than 10 percent, compared to February, but lagged
behind March 2007's figures, according to preliminary single-family
sales data accumulated by the New York State Association of
NYSAR reports that 5,035 existing single-family homes were sold
in March 2008, a 10.1 percent increase compared to the 4,575 sales
recorded in February. The March sales total represents a 29 percent
decrease compared to the March 2007 total of 7,094.
The March 2008 median selling price of $210,000 represents a
6.7-percent decrease from the February median of $225,000. The
March 2008 median selling price represents a 14.7 percent decrease
compared to the March 2007 median of $246,150.
In March 2008, sales gains were reported in 31 counties compared
to February, while just four experienced growth compared to March
Thirty-one counties reported gains in median selling price in
March 2008 compared to February 2008, while 20 posted gains
compared to March 2007.
"With a more than 10 percent increase in sales of existing
single-family homes in March compared to February, the New York
state housing market is performing better than the national housing
market," said NYSAR CEO Duncan R. MacKenzie. "While changes in the
median selling price fared better on a national level, New Yorks
median price continues to remain above the national median."
For more information, visit www.nysar.org.