NY: Binghampton Area Sees Home Price Increase Over 2010

The median sale price for an existing single-family home in the Greater Binghamton market in the first quarter of 2011 was $106,600, according to statistics compiled by the National Association of Realtors.

The figure represents a 3.7 percent increase from the same period one year ago, but is down substantially from the $136,600 figure in the fourth quarter of 2010. The 3.7 increase year over year compares with a 4.6 percent decline nationwide and a 5 percent drop in the Northeast.

The median price of an existing single-family home in the Binghamton region in the third quarter was $109,000, and $110,800 thousand in the second quarter of 2010, according to association statistics.

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