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New York Home Sales Cool in July
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You're Now Reading:
New York Home Sales Cool in July
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
New York Home Sales Cool in July
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September 10, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York cooled slightly in July following two consecutive months of double-digit increases according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 8,745 existing single-family homes were sold in the Empire State in July. That was 1.3 percent lower than the 8,865 homes sold in June but was still 4.7 percent higher than the 8,352 homes sold in July 2011.

Through the first seven months of 2012, homes sales in the state are 6.3 percent higher than during the same time period last year.

The median sales price for an existing home in New York increased to $233,000 in July from $220,000 in June. The median price was 5.9 percent higher than the same median price of $220,000 in July of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “New Yorkers continue to regain their confidence in housing as we move through the typically active summer months. Despite a dip in closed and pending sales between June and July, the year-to-date figures show an overall market improvement through the first seven months of the year.”

Of the 43 counties that provided data for the monthly report, twenty-one counties reported year-over year sales gains, down from 30 the previous month, while 25 of the counties posted an increase or had no change in home prices compared to 21 in June.

Suffolk County recorded the most sales for the month with an estimated 968 home sales, up from 920 sales the previous month, while Nassau County followed with an estimated 908 home sales for the month, up from 898 in June.

The total number of homes for sale across the state fell in July to 95,303 homes, down from 97,997 in June and down from 122,635 homes available last year.

The average number of days that a home spent on the market was 112, down from 118 days in June but up from 109 days in July of 2011.

The state had an average 11.6 months supply of homes available for purchase compared to 12.2 in June. In July of last year, the state had a 16.8 months supply of homes available for purchase.

Tags: New York real estate,existing homes, condos, sales, median home prices, New York

Source:
NYSAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Tips
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Tips
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Calculator
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Rates

September 10, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York cooled slightly in July following two consecutive months of double-digit increases according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 8,745 existing single-family homes were sold in the Empire State in July. That was 1.3 percent lower than the 8,865 homes sold in June but was still 4.7 percent higher than the 8,352 homes sold in July 2011.

Through the first seven months of 2012, homes sales in the state are 6.3 percent higher than during the same time period last year.

The median sales price for an existing home in New York increased to $233,000 in July from $220,000 in June. The median price was 5.9 percent higher than the same median price of $220,000 in July of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “New Yorkers continue to regain their confidence in housing as we move through the typically active summer months. Despite a dip in closed and pending sales between June and July, the year-to-date figures show an overall market improvement through the first seven months of the year.”

Of the 43 counties that provided data for the monthly report, twenty-one counties reported year-over year sales gains, down from 30 the previous month, while 25 of the counties posted an increase or had no change in home prices compared to 21 in June.

Suffolk County recorded the most sales for the month with an estimated 968 home sales, up from 920 sales the previous month, while Nassau County followed with an estimated 908 home sales for the month, up from 898 in June.

The total number of homes for sale across the state fell in July to 95,303 homes, down from 97,997 in June and down from 122,635 homes available last year.

The average number of days that a home spent on the market was 112, down from 118 days in June but up from 109 days in July of 2011.

The state had an average 11.6 months supply of homes available for purchase compared to 12.2 in June. In July of last year, the state had a 16.8 months supply of homes available for purchase.

Tags: New York real estate,existing homes, condos, sales, median home prices, New York

Source:
NYSAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

September 10, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York cooled slightly in July following two consecutive months of double-digit increases according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 8,745 existing single-family homes were sold in the Empire State in July. That was 1.3 percent lower than the 8,865 homes sold in June but was still 4.7 percent higher than the 8,352 homes sold in July 2011.

Through the first seven months of 2012, homes sales in the state are 6.3 percent higher than during the same time period last year.

The median sales price for an existing home in New York increased to $233,000 in July from $220,000 in June. The median price was 5.9 percent higher than the same median price of $220,000 in July of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “New Yorkers continue to regain their confidence in housing as we move through the typically active summer months. Despite a dip in closed and pending sales between June and July, the year-to-date figures show an overall market improvement through the first seven months of the year.”

Of the 43 counties that provided data for the monthly report, twenty-one counties reported year-over year sales gains, down from 30 the previous month, while 25 of the counties posted an increase or had no change in home prices compared to 21 in June.

Suffolk County recorded the most sales for the month with an estimated 968 home sales, up from 920 sales the previous month, while Nassau County followed with an estimated 908 home sales for the month, up from 898 in June.

The total number of homes for sale across the state fell in July to 95,303 homes, down from 97,997 in June and down from 122,635 homes available last year.

The average number of days that a home spent on the market was 112, down from 118 days in June but up from 109 days in July of 2011.

The state had an average 11.6 months supply of homes available for purchase compared to 12.2 in June. In July of last year, the state had a 16.8 months supply of homes available for purchase.

Tags: New York real estate,existing homes, condos, sales, median home prices, New York

Source:
NYSAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.