New York State home sales fall in October

New York state home sales fell by 7 percent in October from the previous month and were nearly 30-percent off the October 2009 sales pace, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price continued to rebound from a year ago, despite falling from September.

New York REALTORS sold 5,694 existing single-family homes in New York State during October 2010, a 7-percent decrease compared to the September 2010 sales total of 6,120. The October 2010 sales total was 29.3-percent below the October 2009 total of 8,059.

The October 2010 median sales price in New York State of $215,850 represents a decrease of 4.1 percent compared to the September 2010 median of $225,000, and an increase of 7.9 percent from the October 2009 median of $200,000.

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