Albany – May 23, 2008 – Sales of existing single-family homes in New York State in April increased by more than 14 percent compared to March, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS.
New York REALTORS sold 5,838 existing single-family homes in April 2008, a 14.4-percent increase compared to the 5,035 sales recorded in March. The April sales total represents a 14.7-percent decrease compared to the April 2007 total of 6,845.
The April 2008 median sales price of $ $215,000 represents a 2.5-percent increase from the March median of $209,800. The April 2008 median sales price represents a 12.2-percent decrease compared to the April 2007 median of $245,000.
In April 2008 sales gains were reported in 43 counties compared to March, while 10 experienced growth compared to April 2007.
Twenty-nine counties reported gains in median selling price in April 2008 compared to March 2008, while 30 posted gains compared to April 2007.
“It is important to remember that all real estate markets are local, and it’s no different here in New York State,” said Duncan R. MacKenzie, NYSAR chief executive officer. “While reports of the so-called ‘national’ housing market’s demise abound, overall New York’s housing market is performing well with sales gains being reported in more than two-thirds of our counties. This month-to-month growth in sales bodes well for the future as we enter the traditionally active late spring and summer months.”
The New York State Association of REALTORS is a not-for-profit trade organization representing more than 61,000 of New York state’s real estate professionals. The term REALTOR is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS. These REALTORS are also members of the New York State Association of REALTORS as well as their local board or association of REALTORS.
