For the third consecutive year, the state of New York surpassed 100,000 residential property sales, according to a report by the New York State Association of Realtors. The report says New York had an immense year in 2015, growing 8 percent in total home sales and bringing closings to the 116,671 mark. And, with the median sales price rising 2.2 percent in 2015 to $230,000, forecasts are positive but balanced for the year ahead. Across the state, sellers received 95.8 percent of asking price at sale, which is a .4 percent year-over-year increase. Although inventory declined by 4.7 percent compared to last year, there were still 102,045 active listings at the end of 2015. A rise in inventory is largely dependent on new construction, in New York City and across the state, and sel...
- The report says New York had an immense year in 2015, growing 8 percent in total home sales.
- Across the state, sellers received 95.8 percent of asking price at sale, which is a .4 percent year-over-year increase.
- Duncan R. Mackenzie, CEO of NYSAR, pointed out the last time the state saw three consecutive years of sales over 100,000 – 2005 to 2007, was just prior to the housing market crash.
- Both Queens and The Bronx exhibited high total closed sales for 2015.
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