New York State Home Sales Continue to Post Gains Compared to 2009

Source: New York State Association of Realtors

The New York state housing market continued to post double-digit sales gains compared to a year ago as February 2010 sales jumped 13.2 percent compared to February 2009, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price rose by more than 12 percent compared to February 2009.

New York REALTORS sold 4,016 existing single-family homes in New York State during February 2010, a 13.2-percent increase compared to the February 2009 sales total of 3,548. February sales did lag behind the January 2010, when 4,555 homes were sold.

The February 2010 median sales price in New York State of $225,000 represents an increase of 12.5 percent compared to the February 2009 median of $199,950, but fell off by 4.3 percent from the January 2010 median of $235,000.

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