Bronx home sales outpace strong state-wide growth, report says

NYSAR report shows New York home sales had best first quarter since 2007
  • State-wide sales grew almost 17 percent between the first quarter of 2015 and the first quarter of 2016, the report says.
  • Kings County (Brooklyn), did not fare as well on a quarterly scale, with a 13.3 percent drop in closed sales, down to 405 from 467 in 2015.
  • However, Queens had a 2.4 percent jump, up to 1,974 sales last quarter from 1,927 in the first quarter of 2015.
  • As NYSAR notes, growing pending sales and low inventory represents an opportune moment for sellers who can capitalize on rising values.

n the first quarter of this year, Bronx home sales grew 19.3 percent, from 228 to 272 sales year-over-year. Bronx’s sales growth outpaces the impressive state-wide progress that marks the strongest start to the housing market in a decade, according to the New York State Association of Realtors.