2003-11-06 / Business & Finance

Realtors Say Sales On Single

Homes Still On Upward Trend
Realtors Say Sales On Single Homes Still On Upward Trend

Sales of existing single-family homes in New York increased by more than 10 percent in September compared to September 2002, according to preliminary single-family sales data accumu-lated by the New York State Associa-tion of REALTORS®. The preliminary data showed a median selling price increase of 31.3 percent compared to the same period a year earlier.

The September 2003 sales total of 9,510 represents an 11.6-percent in-crease compared to the September 2002 sales total of 8,523. The Sep-tember sales total decreased just 3 percent from the August 2003 sales total of 9,800.

The statewide median selling, price rose 31.3 percent to $223,000 in Sep-tember 2003, compared to the $169,900 median in September 2002. The Sep-tember 2003 median price increased 1.4 percent from the August 2003 median of $220,000.

Sales gains were reported in 40 counties in September 2003 compared to the same period a year earlier, while 22 counties recorded in-creases from August 2003. Cattaraugus Coun-ty led the state in sales growth percentage compared to September 2002, recording a 189.7-percent increase. Franklin County recorded the largest increase in sales growth percentage from August 2003, posting a 212.5- percent increase.

Forty-eight counties reported gains in median selling price in September 2003 compared to September 2002, while 26 counties reported gains from August 2003. Schuyler County led the state in median sales price growth in September 2003, recording a 98-percent increase compared to September 2002 and a 69.7-percent increase from August 2003.

"September 2003 was an exceptionally strong month in terms of housing sales in New York state, providing a very strong finish to the traditional summer sales season," said Charles M. Staro, NYSAR chief executive officer. "As we head into the fall, we continue to project the 2003 housing market to finish among the top markets of the past few years."

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