New York State home sales slow down in November

New York State home sales continued to slow in November, falling by more than 8 percent from October and by nearly 32 percent from the November 2009 sales pace, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price continued to rebound from a year ago.

New York REALTORS sold 5,260 existing single-family homes in New York State during November 2010, an 8.3-percent decrease compared to the October 2010 sales total of 5,735. The November 2010 sales total was 31.7-percent below the November 2009 total of 7,705.

The November 2010 median sales price in New York State of $225,000 represents an increase of 4.7 percent compared to the October 2010 median of $215,000, and an increase of 12.5 percent from the November 2009 median of $200,000.

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