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New York Housing Market Off to Usual January Start
Sales of existing single-family homes in New York state in January were at typical levels compared to the past few years, according to preliminary singlefamily sales data accumulated by the New York State Association of REALTORS®. The preliminary data showed a median sales price increase of 1.7 percent compared to January 2006.
The January 2007 sales total of 6,405 represents a 1.4 percent decrease from the January 2006 sales total of 6,495. The January 2007 total fell 14.2 percent compared to the December 2006 sales total of 7,462.
The January 2007 statewide median sales price of $300,000 represents a 1.7 percent increase from the January 2006 median of $295,000. The January 2007 median increased by 31.8 percent compared to the December 2006 median of $227,550.
Sales gains were reported in 25 reporting counties compared to January 2006, while five reported growth compared to December 2006.
Thirty-six counties reported gains in median selling price compared to January 2006, while 27 posted gains compared to December 2006.
"The January data indicate a positive start to the 2007 housing market, which we anticipate will be on par with the solid 2006 market," said Charles M. Staro, NYSAR chief executive officer.
The New York State Association of REALTORS® is a not-for-profit trade organization representing more than 64,000 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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