New York state achieves pre-recession market sales

  • 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.

For the third consecutive year, the state of New York surpassed 100,000 residential property sales.