Industry News

New York real estate makes gains

Hudson Valley region reports 140% increase in single-family home sales

Sales of existing single-family homes in New York increased 6.7 percent in March from the same month last year, according to preliminary single-family sales data accumulated by the New York State Association of Realtors.   March 2004 sales totaled 6,397 compared to the March 2003 sales total of 5,998. The March 2004 sales total rose 17.7 percent from the 5,435 sales total posted in February 2004.   Sales gains were reported in 37 counties in March 2004 compared to the same period a year earlier, while 39 counties recorded increases from February 2004. Greene County led the state in sales growth percentage compared to March 2003, recording an increase of 140 percent. Columbia County recorded a 975 percent increase in sales growth percentage from February 2004.    The preliminary data showed a median selling price increase of nearly 27 percent compared to the same period a year earlier. The statewide median selling price in March rose to $239,900 compared to the $189...