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RealtyTrac: Sales pace and median sales price for New York up in May

Jun 24, 2014
In its May 2014 U.S. Residential & Foreclosures Sales Report, RealtyTrac Inc. reported that New York State residential properties sold at an estimated annualized pace of 160,966 in May, up 0.37 percent from April and up 5.4 percent from one year ago. 

The median sales price for New York was $348,450 in May, a 2-percent increase from April and up 28 percent from a year ago. The median price of a distressed sale – in a foreclosure or bank-owned property – was $226,019, up 7 percent from April and 19 percent from May 2013. 

Nationally, U.S. residential properties sold at an estimated annualized pace of 5,147,550 in May, up 0.19 percent from the previous month and up 0.55 percent from May 2013. The national median sales price was $190,000, a 4-percent increase from April and a 9-percent increase from the same time last year. 

To read the entire RealtyTrac press release, click here

To find the latest sales data from NYSAR, click here
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