New York realtors increased year-over-year home sales in October, but the New York State Association of Realtors (NYSAR) expects the negative impacts of Superstorm Sandy to hurt the housing market in the fourth quarter of 2012.
Realtors closed 7,839 sales of existing single-family homes, condos, and co-ops this October, an increase of 4.3 percent compared to the same month last year. The statewide median sale price increased 2 percent to $209,000, its fifth straight month on the rise, NYSAR said.
Pending sales were also up. They spiked 18.1 percent to 8,517.
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