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Housing Sales Totals Show Market Growth Sales of existing single-family homes in New York increased in March compared to March 2003, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS(r). The preliminary data showed a median sell-ing price increase of nearly 27, percent compared to the same period a year earlier. The March 2004 sales total of 6,397 represents a 6.7-percent increase compared to the March 2003 sales total of 5,998. The March 2004 sales total rose 17.7 percent from the 5,435 sales total posted in February 2004. The statewide median selling price rose 26.9 percent in March 2004 to $239,900 compared to the $189,000 median recorded in March 2003. The March 2004 median price remained statistically unchanged compared to the previous month, which recorded a me-dian sales price of $240,000. Sales gains were reported in 37 counties in March 2004 compared to the same period a year earlier, while 39 counties recorded increases from February 2004. Greene County led the state in sales growth percentage compared to March 2003, recording an in-crease of 140 percent. Columbia County recorded a 975 percent increase in sales growth percentage from February 2004. Thirty-seven counties reported gains in median selling price in March 2004 compared to March 2003, while 30 counties reported gains from February 2004. Franklin County led the state in median sales price growth in March 2004, recording a 232.2 percent in-crease compared to the same period a year earlier. Delaware County recorded the largest median sales price growth from February 2004, recording a 50.9-percent increase. "Although the March sales numbers reflect the traditional seasonal upward trend experienced during the first quar-ter, the growth compared to last March is indicative of a very strong start for the 2004 housing market," said M. Staro, NYSAR chief executive officer. "We anticipate that this trend will continue during the typically strong, spring and summer season."
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