Industry News

New York real estate sales cool

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Sales of existing single-family homes in New York slowed in September, while the median selling price grew more than 15 percent from a year ago, according to preliminary single-family sales data accumulated by the New York State Association of Realtors. The September 2004 sales total of 8,897 represents a 6.1 percent decrease compared to the September 2003 sales total of 9,473. The September 2004 sales total fell 17.5 percent from the exceptionally high 10,779 sales total posted in August 2004. The statewide median selling price rose 15.3 percent in September 2004 to $254,900 compared to the $221,000 median recorded in September 2003. The September 2004 median price increased 2 percent from the previous month, which recorded a median sales price of $250,000.   Sales gains were reported in 24 counties in September 2004 compared to the same period a year earlier, while 11 counties reported growth from the previous month. Clinton County led the state in sales growth percen...