NYC residential sales rise 6% in 3Q | Crain's New York Business

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Citywide, the number of home sales in the third quarter were up 6% from year earlier levels.

 

Updated: October 11, 2012 2:26 p.m.

Home sales and prices rose across the city in the third quarter, according to a new report. In Brooklyn and Queens the average sales price hit its highest point since late 2007, at $619,000 and $411,000, respectively.
According to the quarterly residential sales report from the Real Estate Board of New York, the average price paid for a home in the city rose 1% over the last year, to $786,000.
Citywide, the number of home sales in the third quarter were up 6% from year earlier levels. Manhattan led the five-borough pack with a 7% jump in home sales volumes, while Brooklyn and the Bronx each saw a 5% rise.
Steven Spinola, REBNY's president, said the improvements signaled a housing recovering for the city.

Read more: http://www.crainsnewyork.com/article/20121011/REAL_ESTATE/121019977#ixzz2919nttlr