The New York State housing market recovered strong


January 22, 2013 – The New York State housing market recovered strongly in 2012 as closed sales of existing single-family homes, condos and co-ops finished 7-percent ahead of 2011. There was a modest 1.2-percent growth in the median sales price as available inventory fell by nearly 20 percent, according to the housing market report released today by the New York State Association of REALTORS.

“Looking at the year-end numbers we can confidently call the housing market in full recovery mode,” said Duncan R. MacKenzie, NYSAR CEO. “The 2012 market featured four consecutive quarters of sales growth and inventory moved continually closer to a balanced market.”
 
By The New York State Association of REALTORS
James Gamble

James Gamble

Licensed Associate Real Estate Broker
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