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Showing posts from May, 2010

New York State first quarter home sales up nearly 18 percent from the 2009 first quarter

4/23/2010

Albany – April 23, 2010 – The New York state housing market continued its strong start to 2010 compared to a year ago as first quarter sales were up nearly 18 percent compared to the 2009 first quarter, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The 2010 first quarter statewide median sales price rose by more than 12 percent compared to the first quarter of 2009.

“As expected, home sales in the first quarter were markedly improved from a year ago, thanks in large part to the federal homebuyer tax credit, low mortgage rates and available inventory,” said Duncan R. MacKenzie, NYSAR chief executive officer. “We anticipate that these conditions will also result in a strong sales numbers between April and June as buyers strive to meet the tax credit program deadlines.”

To be eligible for the federal homebuyer tax credit, buyers must be under contract prior by April 30 and close on their new home by June 30, MacKenzie …