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NAR: Vacation home sales retreat, investment sales leap in 2015

Apr 06, 2016
Vacation home sales cooled off in 2015, but remained at the second highest amount in nearly a decade, according to the National Association of REALTORS’ 2016 Investment and Vacation Home Buyers Survey. Investment purchases increased for the first time in five years. Mirroring the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged last year.
 
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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

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