New York State second quarter home sales jump 71 percent from first quarter

The New York state housing market continued its strong start to 2010 as second quarter sales, helped by a record-setting June sales total, jumped more than 71 percent from the first quarter, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS.

New York REALTORS sold 24,327 existing single-family homes in New York State during the 2010 second quarter, an increase of 71.3 percent from the 2010 first quarter. The sales total represents a 30.9-percent increase compared to the 2009 second quarter. The June 2010 sales total of 11,230 was up 66.2 percent from the May 2010 total of 6,758 and 46.8 percent from June 2009.

The 2010 second quarter statewide median sales price of $204,450 represents an increase of 11.7 percent from a year ago and a 5.4-percent decrease from the 2010 first quarter. The June 2010 median sales price of $220,750 represents an increase of 19.3 percent compared to the June 2009 median.

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