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NAR: Increase in commercial member income and sales volume

Aug 03, 2017
Commercial real estate markets continue to improve, with REALTORS specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of REALTORS 2017 Commercial Member Profile.

The median gross annual income for commercial members in 2016 was $120,800, an increase from $108,800 in 2015. Commercial members completed a median of eight sales transactions in 2016, a decrease of one since 2015. While the number of transactions decreased slightly in 2016, the sales volume increased again this year. The median sales transaction volume in 2016 among members who had a transaction was $3,500,000, an increase from $2,931,000 in 2015. 

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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.

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