Latest Figures Show New Home Sales and Prices Decline in New York | Cross River Real Estate

In August, the New York, NY market saw a decline year-over-year in new home closings, and with a percentage decline steeper than July 2013, there were suggestions the market may be worsening. Closings sank 29.5% from a year earlier to 665. This was after the housing market saw a 25.0% fall year-over-year in July.

A total of 7,252 new homes were sold during the 12 months that ended in August, down from 7,530 for the year that ended in July.

Out of all housing closings, new home closings made up 4.8%. This is down from the 7.5% of closings a year earlier. Closings of new and existing homes increased year-over-year in August after also rising in July year-over-year.

 

 

 

http://www.builderonline.com/local-housing-data/mid-atlantic/new-york-northern-new-jersey-long-island-ny-nj-pa.aspx?cid=lmkt:new-york-northern-new-jersey-long-island-ny-nj-pa:20131215&rdrnum=1000073719

 

 

 

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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