New York Home Sales Improve in March, Still Behind Last Year’s Pace
New York Home Sales Improve in March, Still Behind Last Year’s Pace
New York Home Sales Improve in March, Still Behind Last Year’s Pace
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May 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York bounced back after February’s decline, but still couldn’t match the previous year’s tally, while home prices stumbled, ending three consecutive months of improvement according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 5,099 existing single-family homes were sold in the Empire State in March. That was 9.8 percent higher than the revised 4,644 homes sold in February but was still 1.8 percent lower than the 5,191 homes sold in March 2011.

The median sales price for an existing home in New York remained unchanged from February at $215,000, ending a streak of three consecutive months of improvement in housing prices. The median price was 2.9 percent higher than the median price of $209,000 in March of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “Strong affordability factors, improving consumer confidence and a mild winter increased buyer activity in the first quarter of the year as evidenced by our strongest start to the year since 2008.”

Of the 42 counties that provided data for the monthly report, twenty-two counties reported gains or were unchanged from the previous month with both Yates and Clinton Counties (+100.0 percent) reporting the largest increase in sales among counties with 20 or more sales while Ulster County (-52.9 percent) posted the largest monthly decline in sales.

Year-over-year, fifteen counties reported sales gains with the largest gain posted in Yates County (+144.4 percent) and the largest decline posted in Ulster County (-52.2 percent).

Suffolk County recorded the most sales for the month with an estimated 586 home sales, up from 521 the previous month, while Nassau County followed with an estimated 529 home sales for the month, up from 494 in March.

“We believe that this renewed consumer confidence, along with historically low mortgage rates and solid inventory levels, will position the housing market to build upon this strong start during the typically active spring and summer seasons,” MacKenzie added.

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

Source:
NYSAR

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May 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York bounced back after February’s decline, but still couldn’t match the previous year’s tally, while home prices stumbled, ending three consecutive months of improvement according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 5,099 existing single-family homes were sold in the Empire State in March. That was 9.8 percent higher than the revised 4,644 homes sold in February but was still 1.8 percent lower than the 5,191 homes sold in March 2011.

The median sales price for an existing home in New York remained unchanged from February at $215,000, ending a streak of three consecutive months of improvement in housing prices. The median price was 2.9 percent higher than the median price of $209,000 in March of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “Strong affordability factors, improving consumer confidence and a mild winter increased buyer activity in the first quarter of the year as evidenced by our strongest start to the year since 2008.”

Of the 42 counties that provided data for the monthly report, twenty-two counties reported gains or were unchanged from the previous month with both Yates and Clinton Counties (+100.0 percent) reporting the largest increase in sales among counties with 20 or more sales while Ulster County (-52.9 percent) posted the largest monthly decline in sales.

Year-over-year, fifteen counties reported sales gains with the largest gain posted in Yates County (+144.4 percent) and the largest decline posted in Ulster County (-52.2 percent).

Suffolk County recorded the most sales for the month with an estimated 586 home sales, up from 521 the previous month, while Nassau County followed with an estimated 529 home sales for the month, up from 494 in March.

“We believe that this renewed consumer confidence, along with historically low mortgage rates and solid inventory levels, will position the housing market to build upon this strong start during the typically active spring and summer seasons,” 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.
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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.
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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
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May 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York bounced back after February’s decline, but still couldn’t match the previous year’s tally, while home prices stumbled, ending three consecutive months of improvement according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 5,099 existing single-family homes were sold in the Empire State in March. That was 9.8 percent higher than the revised 4,644 homes sold in February but was still 1.8 percent lower than the 5,191 homes sold in March 2011.

The median sales price for an existing home in New York remained unchanged from February at $215,000, ending a streak of three consecutive months of improvement in housing prices. The median price was 2.9 percent higher than the median price of $209,000 in March of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “Strong affordability factors, improving consumer confidence and a mild winter increased buyer activity in the first quarter of the year as evidenced by our strongest start to the year since 2008.”

Of the 42 counties that provided data for the monthly report, twenty-two counties reported gains or were unchanged from the previous month with both Yates and Clinton Counties (+100.0 percent) reporting the largest increase in sales among counties with 20 or more sales while Ulster County (-52.9 percent) posted the largest monthly decline in sales.

Year-over-year, fifteen counties reported sales gains with the largest gain posted in Yates County (+144.4 percent) and the largest decline posted in Ulster County (-52.2 percent).

Suffolk County recorded the most sales for the month with an estimated 586 home sales, up from 521 the previous month, while Nassau County followed with an estimated 529 home sales for the month, up from 494 in March.

“We believe that this renewed consumer confidence, along with historically low mortgage rates and solid inventory levels, will position the housing market to build upon this strong start during the typically active spring and summer seasons,” 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.