NYSAR Shows NY Housing Market Remains Strong Yet Sales Prices Are Declining

New York's housing market remains solid through the first half of the year, aided by an increase in sales of more than 13 percent from May to June.

New York’s REALTORS sold 35,225 homes between January 1 and June 30, 2008, a decrease of 19 percent from the same period in 2007. The statewide median sales price of $215,000 for the first half of 2008 represents a 14-percent decrease from the $250,000 median posted in the first half of 2007.

This article is from NYSAR's E-News dated August 15, 2008