SOURCE: New York State Association of REALTORS

New York State Association of REALTORS

June 01, 2012 10:00 ET

April Home Sales Up Slightly From a Year Ago

ALBANY, NY--(Marketwire - Jun 1, 2012) - The New York State April housing market showed growth in both sales and median sales price compared to a year ago, despite falling back from March figures, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS®.

"The news continues to be positive for the state's housing market," said Duncan R. MacKenzie, NYSAR chief executive officer. "After speaking with REALTORS® from across the state, there is a strong sense that the market has turned the corner."

"Although we did not experience month-to-month gains, the market appears poised for a strong summer compared to 2011," said MacKenzie. "Consumer confidence continues to improve and affordability conditions remain very favorable."

New York REALTORS® sold 5,233 existing single-family homes during April 2012, an increase of 2.3 percent from April 2011. The April sales total represents a 0.9-percent decrease from the March 2012 sales total of 5,282.

The April 2012 median sales price of $205,000 represents an increase of 5.3 percent compared to the April 2011 median of $194,650, and a 2.4-percent decline from the March median of $210,000.

Additional data is available at http://www.nysar.com/industry-resources/market-data

The New York State Association of REALTORS® is a not-for-profit trade organization representing more than 48,000 of New York State's real estate professionals. The term REALTOR® is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS®. These REALTORS® are also members of the New York State Association of REALTORS® as well as their local board or association of REALTORS®.

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