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New York home sales up, inventory down at 2016 midway point

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The second quarter of 2016 helped the New York state housing market move up, with year-to-date sales up 15.4 percent from 2015, according to the New York State Association of Realtors (NYSAR). The association expects New York home sales to hit 100,000 for the second year in a row. “Realtors across the state are reporting robust buyer activity as confident consumers are taking advantage of favorable market conditions, including mortgage rates hovering near historic lows,” NYSAR CEO Duncan R. MacKenzie said in a statement. Median price increased by 2.2 percent compared to last year’s halfway point, says the report, which tracked activity from January 1 through June 30. MacKenzie says New York is in 17 consecutive months of sales growth, a trend NYSAR anticipates will continue …

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  1. Watsonikd  September 23, 2023

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