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Residential property sales in New York State increased by 8 percent in 2015 to reach 116,671,marking three consecutive years of sales exceeding the 100,000 mark, according to the annual housing market report released by the New York State Association of REALTORS.

The annual median sale prices reached $230,000 with 2.2 percent increase in 2015 from 2014.“The New York State housing market was very strong in 2015, reaching sales levels we have not seen since the boom years in the mid-2000s,” said Duncan R. MacKenzie, CEO of the New York State Association of REALTORS.

Existing single-family home sales in Q4 grew by 6,8 percent to reach 31,460 from 29,432 sales in the Q4-2014 according to the New York State Association of REALTORS.

 

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