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RealtyTrac: Sales pace slows while median sales price increases in New York in July

Aug 29, 2014
In its July 2014 U.S. Residential & Foreclosures Sales Report, RealtyTrac Inc. reported that New York State residential properties sold at an estimated annualized pace of 150,043 in July. This is 2.09 percent below June’s total and down 5.17 percent from July 2013.

The median sales price for New York was $329,600 in July, a 1-percent increase from June and up 14 percent from a year ago. The median price of a distressed sale – in foreclosure or bank-owned property – was $230,000, up 14 percent from a month ago and up 30 percent from July 2013.

Nationally, U.S. residential properties sold at an estimated annualized pace of 4,634,513 in July, down 3.43 percent from June and down 12.17 percent from a year ago. The national median sales price was $204,000, a 4-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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