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NAR reports jump in REALTOR business activity in 2016

May 11, 2017
After a slip in business in 2015, the National Association of REALTORS (NAR) Member Profile found that the income and sales volume of REALTOR members increased in 2016. The median gross income of REALTORS increased 8 percent in 2016 as the typical member had the highest number of transactions in recent years. Despite inventory shortages, transactions grew to 12 per agent, the highest since 2014. 

The median sales volume for REALTORS also grew from $1.8 million in 2015 to $1.9 million in 2016. Median income increased too, from $39,200 in 2015 to $42,500 in 2016.

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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.