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RealtyTrac: Sales pace and median sales price rise for Northeast in August

Sep 26, 2014
In its August 2014 U.S. Residential & Foreclosure Sales Report, RealtyTrac Inc. reported that New York State residential properties sold at an estimated annualized pace of 148,615 in August. This is 0.62 percent above July’s total and 9.6 percent below August 2013. 

The median sales price for New York was $316,000 in August, remaining level with the previous month, but up 5 percent from a year ago. The median price of a distressed sale – in foreclosure or bank-owned property – was $238,500, up 6 percent from July and up 12 percent from August 2013.

Nationally, U.S. residential properties sold at an estimated annualized pace of 4,508,641 in August, down 0.47 percent from July and a decrease of 16.16 percent from year-ago totals. The national median sales price was $205,000, a 3-percent increase on a monthly basis and an 11-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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