In its May 2014 U.S. Residential & Foreclosures Sales Report, RealtyTrac Inc. reported that New York State residential properties sold at an estimated annualized pace of 160,966 in May, up 0.37 percent from April and up 5.4 percent from one year ago. The median sales price for New York was $348,450 in May, a 2-percent increase from April and up 28 percent from a year ago.

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