NY housing sales up 9.5% in January

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Sales of existing single-family homes, condos and co-ops were 9.5 percent in January compared to January 2012, according to a report today by the state Association of Realtors.

The statewide median sales price grew by 5 percent compared to a year ago, the report said, and inventory decreased.

“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 MacKenzie, the group’s CEO, in a statement. “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.”

In January, the state had 6,231 closed sales compared to 5,689 in January 2012.

The median sale price was $220,000, up 5 percent. The January supply of homes on the market fell 28 percent, to a nine-month supply, compared to 12 months.

Nysar Mmi 2013-01 Revised Media by jspector

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