Albany –June 1, 2012 – The New York State April housing market showed growth in both sales and median sales price compared to a year ago, despite falling back from March figures, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS.
“The news continues to be positive for the state’s housing market,” said Duncan R. MacKenzie, NYSAR chief executive officer. “After speaking with REALTORS from across the state, there is a strong sense that the market has turned the corner.”
“Although we did not experience month-to-month gains, the market appears poised for a strong summer compared to 2011,” said MacKenzie. “Consumer confidence continues to improve and affordability conditions remain very favorable.”
New York REALTORS sold 5,233 existing single-family homes during April 2012, an increase of 2.3 percent from April 2011. The April sales total represents a 0.9-percent decrease from the March 2012 sales total of 5,282.
The April 2012 median sales price of $205,000 represents an increase of 5.3 percent compared to the April 2011 median of $194,650, and a 2.4-percent decline from the March median of $210,000.
The New York State Association of REALTORS is a not-for-profit trade organization representing more than 48,000 of New York State’s real estate professionals. The term REALTOR is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS. These REALTORS are also members of the New York State Association of REALTORS as well as their local board or association of REALTORS.
Salvatore I. Prividera Jr.
Director of Communications