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January Home Sales in New York Match Last Year’s Tally
January Home Sales in New York Match Last Year’s Tally
January Home Sales in New York Match Last Year’s Tally
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March 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York followed seasonal trends and fell from December to January but remained on par with last year’s tally according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 4,529 existing single-family homes were sold in the Empire State in January. That was 29.6 percent lower than the revised 6,437 homes sold in December and only 0.8 percent lower than the 4,564 homes sold in January 2011.

The median sales price for an existing home in New York improved by 5.7 percent in January to $212,500, up from $202,000 in December, but was 5.3 percent lower than the median price of $224,450 in January of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “In terms of sales, January 2012 was a typical first month of the year, especially when compared to the start of the past two years. Looking at the past decade, it is also characteristic of our seasonal market that January sales lag behind December of the previous year.”

Of the 39 counties that provide data for the monthly report, only three counties reported gains from the previous month with Washington County (+47.1 percent) reporting the largest increase while Franklin County (-72.4 percent) posted the largest monthly decline in sales.

Year-over-year, 17 counties reported sales gains with the largest gain posted in Broome County (+85.0 percent) and the largest decline posted in Greene County (-58.1 percent).

Suffolk County recorded the most sales for the month with an estimated 562 home sales, down from 670 the previous month, while Nassau County followed with an estimated 522 home sales for the month, down from 624 in December.

“While the statewide housing market has not yet reached a sustainable upward sales trend, solid market fundamentals, such as low interest rates, and improving economic conditions may work to bring more buyers back to the market as we move through 2012,” MacKenzie added.

Tags: existing homes, condos, sales, median home prices, New York

Source:
NYSAR

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Mortgage
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Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
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15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
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March 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York followed seasonal trends and fell from December to January but remained on par with last year’s tally according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 4,529 existing single-family homes were sold in the Empire State in January. That was 29.6 percent lower than the revised 6,437 homes sold in December and only 0.8 percent lower than the 4,564 homes sold in January 2011.

The median sales price for an existing home in New York improved by 5.7 percent in January to $212,500, up from $202,000 in December, but was 5.3 percent lower than the median price of $224,450 in January of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “In terms of sales, January 2012 was a typical first month of the year, especially when compared to the start of the past two years. Looking at the past decade, it is also characteristic of our seasonal market that January sales lag behind December of the previous year.”

Of the 39 counties that provide data for the monthly report, only three counties reported gains from the previous month with Washington County (+47.1 percent) reporting the largest increase while Franklin County (-72.4 percent) posted the largest monthly decline in sales.

Year-over-year, 17 counties reported sales gains with the largest gain posted in Broome County (+85.0 percent) and the largest decline posted in Greene County (-58.1 percent).

Suffolk County recorded the most sales for the month with an estimated 562 home sales, down from 670 the previous month, while Nassau County followed with an estimated 522 home sales for the month, down from 624 in December.

“While the statewide housing market has not yet reached a sustainable upward sales trend, solid market fundamentals, such as low interest rates, and improving economic conditions may work to bring more buyers back to the market as we move through 2012,” MacKenzie added.

Tags: existing homes, condos, sales, median home prices, New York

Source:
NYSAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools

March 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York followed seasonal trends and fell from December to January but remained on par with last year’s tally according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 4,529 existing single-family homes were sold in the Empire State in January. That was 29.6 percent lower than the revised 6,437 homes sold in December and only 0.8 percent lower than the 4,564 homes sold in January 2011.

The median sales price for an existing home in New York improved by 5.7 percent in January to $212,500, up from $202,000 in December, but was 5.3 percent lower than the median price of $224,450 in January of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “In terms of sales, January 2012 was a typical first month of the year, especially when compared to the start of the past two years. Looking at the past decade, it is also characteristic of our seasonal market that January sales lag behind December of the previous year.”

Of the 39 counties that provide data for the monthly report, only three counties reported gains from the previous month with Washington County (+47.1 percent) reporting the largest increase while Franklin County (-72.4 percent) posted the largest monthly decline in sales.

Year-over-year, 17 counties reported sales gains with the largest gain posted in Broome County (+85.0 percent) and the largest decline posted in Greene County (-58.1 percent).

Suffolk County recorded the most sales for the month with an estimated 562 home sales, down from 670 the previous month, while Nassau County followed with an estimated 522 home sales for the month, down from 624 in December.

“While the statewide housing market has not yet reached a sustainable upward sales trend, solid market fundamentals, such as low interest rates, and improving economic conditions may work to bring more buyers back to the market as we move through 2012,” MacKenzie added.

Tags: existing homes, condos, sales, median home prices, New York

Source:
NYSAR

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use

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