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Study: NY reaches new price peak

Aug 05, 2015

Corelogic's latest Home Price Index named New York State among the 15 states and the District of Columbia that reached new highs in home sales prices during June. According to the index, New York State had the third highest price appreciation in the nation, growing by 8.3 percent.

The index also found that home prices nationwide, including distressed sales, increased by 6.5 percent compared to June 2014. It is the 40th consecutive month of year-over-year increases in home prices nationally. 

That brings the number of states at or within 10 percent of their peak home prices to 35. 

NYSAR's most recent housing market report showed that a 3-percent increase in the statewide median home sales price through the first half of 2015 compared to the same period in 2014.

Read the Corelogic press release here.

 

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Empire State home sales set record in August

Homes sold at a record-setting pace across New York State during August with 13,912 closed sales. The previous record was 12,938 closed sales in August 2007. The statewide median sales price increased 3.8 percent compared to August 2015. Click here to read more.

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