NYSAR - New York State Association of REALTORS, inc.

 
Current Press Release
2/26/2010

January 2010 New York State home sales up 11 percent from year ago

Albany – February 26, 2010 – The New York state housing market posted an improved start to 2010 compared to the beginning of last year with sales increasing by 11 percent compared to January 2009, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price jumped more than 30 percent compared to January 2009.

“We are encouraged by the improved start to the 2010 housing market,” said Duncan R. MacKenzie, NYSAR chief executive officer. “Despite the fall off from a very strong December market, the 11-percent increase in sales from last January and the median price gain are good signs for the continued recovery of our housing market into 2010.”

MacKenzie noted that the flurry of buyer activity in October and November as the previous federal tax credit deadline approached likely drove the market higher in December. “Once the deadline pressure was released by the extension and expansion of federal homebuyer tax credit, many of those buyers became homeowners in December and January,” MacKenzie said...

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The Albany, NY-based New York State Association of REALTORS is a not-for-profit trade organization representing more than 54,000 of New York State's real estate professionals.

 
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