Latest News

NAR: Existing-home sales slip nationally, rise almost 5 percent for Northeast

Sep 23, 2014
After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market, according to the National Association of REALTORS (NAR). 

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August. August closings were 5.3 percent below the 5.33 million-unit pace of August 2013.

In the Northeast, existing-home sales rose 4.7 percent to an annual rate of 670,000, but remain 4.3 percent below a year ago. 

To read the entire NAR press release, click here.
Featured Content

Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.