Industry News

New York real estate makes gains

Median home price grows nearly 23% from year-ago level

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Sales of existing single-family homes in New York increased 4 percent in April from the same month a year ago, according to preliminary single-family sales data accumulated by the New York State Association of Realtors. The preliminary data showed a median selling price increase of nearly 23 percent, compared to the same period a year earlier. The April 2004 sales total of 6,752 represents a 4-percent increase compared to the April 2003 sales total of 6,490. The April 2004 sales total rose 1.6 percent from the 6,648 sales total posted in March 2004. The statewide median selling price rose 22.9 percent in April 2004 to $220,000, compared to the $179,000 median recorded in April 2003. The April 2004 median price decreased 4.2 percent from the previous month, which recorded a median sales price of $229,675.   Sales gains were reported in 32 counties in April 2004 compared to the same period a year earlier, while 37 counties recorded increases from March 2004. Herkimer Coun...