New York Association of Realtors early 2008 data
Posted: 4/25/08
The New York Association of Realtors (NYAR) reports that the real estate market has seen gains in many counties across the state in the recent months.The actual excerpt is as follows:
In February 2008 sales gains were reported in 19 counties compared to February 2007, while 16 experienced growth compared to January 2008.
Thirty-seven counties reported gains in median selling price in February 2008 compared to February 2007, while 29 posted gains compared to January 2008.
"The winter months are historically slow in terms of sales, and this month's total is reminiscent of a typical February," said Duncan R. MacKenzie, NYSAR chief executive officer. "Based on historical trends, we anticipate sales will increase as we move closer to the spring and summer months, especially as buyers take advantage of historically low mortgage finance rates and increasing inventory levels. The recent actions by the federal government intended to assist the housing market should also bring improvement in the coming months."
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