Statewide, the housing market recovery continued in January, according to new data released by the New York State Association of Realtors.
Sales of existing single-family homes, condos and co-ops were 9.5 percent ahead of January 2012, and the statewide median sales price grew by 5 percent compared to a year ago and available inventory continued to decrease.
“The housing recovery that began in 2012 has continued into the start of the New Year as demonstrated by the jump in sales and sales price growth compared to last January,” said Duncan R. MacKenzie, NYSAR CEO. “Other January housing market data points are also very encouraging as we enter 2013 with the highest number of January pending sales since 2007 and our third straight month of year-over-year median price gains.”
Local figures are released on a quarterly basis by the Hudson Gateway Association of Realtors.