NEW YORK STATE HOME PRICES Q3 2009

New York State home prices posted a double-digit increase in Q3 2009, according to the latest data released by the New York State Association of Realtors (NYSAR).

In particular, the not seasonally-adjusted median sales price for existing single family homes in the state of New York increased from $185,000 in the second quarter of 2009 to $205,000 in the third quarter, representing an increase of 10.8%.

The median price for single family homes in the state of New York was however 6% down compared to the median price of $218,000 that was registered a year ago, and particularly in the third quarter of 2008.

New York State home prices varied widely across counties. Among the counties located within the state of New York, Westchester County registered the highest median price of $630,000 in Q3 2009 while Allegany County registered the lowest median price of $69,900.

Trends in New York State home prices varied also considerably across counties. In terms of quarterly trends in not seasonally-adjusted prices for existing single family homes, Fulton County posted the largest gain of 30.2%, while 39 of the 59 New York state counties registered increasing prices. The largest quarterly drop of -22.1% was registered in Tioga county.

You can review the 20 top counties with largest quarterly and year-over-year increases in median prices for existing single family homes in the state of New York in Q3 2009 at this page in our Members-Only Section.

In terms of year-over-year changes, Orleans County posted the largest gain of 18.3% while Tioga County posted that largest drop of 25.4%.

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