NYSAR - New York State Association of REALTORS, inc.

 
Current Press Release
1/30/2012

New York State 2011 home sales 3.9 percent off 2010 pace; statewide median sales price holds steady

Albany – Jan. 30, 2012 – Fueled by fourth quarter sales growth, home sales in New York State rebounded to finish only 3.9 percent behind the federal tax credit-driven 2010 market, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price remained stable through the year and remained on par with 2010 at year’s end.

“The housing market sales comeback in the fourth quarter builds hope for an improving 2012 market,” said Duncan R. MacKenzie, NYSAR chief executive officer. “The continued stabilization of the statewide median sales price is a positive sign for homeowners, and a signal for would-be buyers that it’s time to focus on advantages such as record-low mortgage rates and solid affordability factors rather than price declines.”

“The upward sales swing seems to contradict the low consumer confidence in the housing market as reported in the recent NYSAR/Siena Research Institute Consumer Real Estate Sentiment Survey,” said MacKenzie.

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The Albany, NY-based New York State Association of REALTORS is a not-for-profit trade organization representing more than 48,000 of New York State's real estate professionals.

 
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