Industry News

Real estate sales, prices climb in New York

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Sales of existing single-family homes in New York rose more than 10 percent in November from their year-ago level, while the median selling price grew more than 21 percent, according to preliminary single-family sales data accumulated by the New York State Association of Realtors. The November 2004 sales total of 8,312 represents a 10.8 percent increase compared to the November 2003 sales total of 7,500. The November 2004 sales total fell 5.4 percent from the 8,784 sales total posted in October 2004. The statewide median selling price rose 21.2 percent in November 2004 to $246,072 compared to the $203,000 median recorded in November 2003. The November 2004 median price increased 7 percent from the previous month, which recorded a median sales price of $230,000.   Sales gains were reported in 34 counties in November 2004 compared to the same period a year earlier, while 25 counties reported growth from the previous month. Allegany County led the state in sales growth per...