New York State housing market sales rise slightly in August; still remain below year-ago mark

Statewide sales of existing single-family homes in New York State increased in August from July by 3.7 percent, but remained 30-percent below the August 2009 total, according to the preliminary single-family sales data accumulated by the New York State Association of REALTORS. The data also showed strong median price growth compared to both last month and August 2009.

New York REALTORS sold 6,062 existing single-family homes in New York State during August 2010, a 3.7-percent increase compared to the July total of 5,843. The August 2010 sales total was 30-percent below the August 2009 total of 8,653.

The New York State August 2010 median sales price of $240,000 represents an increase of 9.1 percent compared to the July 2010 median of $220,000 and an increase of 20 percent from the August 2009 median of $200,000.

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