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New York Home Sales, Prices Dipped in April

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New York Real EstateMonthly sales of existing single-family homes in the state of New York fell by 49 transactions in April but remained above the previous year’s tally, while home prices also took a step back, though also still remaining above the previous year’s levels according to the latest housing data from the New York State Association of Realtors(R) (NYSAR).

An estimated total of 5,233 existing single-family homes were sold in the Empire State in April. That was 0.9 percent lower than the revised 5,282 homes sold in March but was still 2.3 percent higher than the 5,115 homes sold in April 2011.

The median sales price for an existing home in New York fell to $205,000 in April from $210,000 in March. The median price was still 5.3 percent higher than the median price of $194,650 in April of last year.

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