NYSAR - New York State Association of REALTORS, inc.

 
Current Press Release
7/22/2010

New York State second quarter home sales jump 71 percent from first quarter

Albany – July 22, 2010 – The New York state housing market continued its strong start to 2010 as second quarter sales, helped by a record-setting June sales total, jumped more than 71 percent from the first quarter, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The 2010 second quarter statewide median sales price grew by nearly 12 percent compared to the 2009 second quarter, despite falling by 5 percent from the first quarter of 2010.

“The New York State housing market has clearly benefited from the federal homebuyer tax credit,” said Duncan R. MacKenzie, NYSAR chief executive officer. “The proof is in the 24,327 sales that closed in the 2010 second quarter and especially in the 11,230 new homeowners in June.”

“The federal tax credit and historically low mortgage rates created great opportunities for buyers in the first half of 2010 and they responded,” said MacKenzie. “While we did expect the number of June sales to increase significantly as buyers met the original closing deadline, we did not expect to break the June monthly sales record set in 2005.”

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The Albany, NY-based New York State Association of REALTORS is a not-for-profit trade organization representing more than 54,000 of New York State's real estate professionals.

 
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