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Buyers rushing toward new construction in Northeast

Apr 27, 2017
The Northeast saw the strongest uptick in new-home sales last month, rising 25.8 percent month over month, according to the U.S. Commerce Department. Nationally, sales of newly-built single-family homes increased for the third consecutive month, posting a strong showing to the spring selling season. Single-family new-home sales rose 5.8 percent in March to a seasonally adjusted annual rate of 621,000 units. 

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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.