Chart of the Week: NYC Home Sales in Q2 2012

NYC residential sales and median prices for Q2 2012. (PropertyShark.com)

It looks like more New Yorkers found a new home in the second quarter of 2012. A glance at PropertyShark’s weekly chart shows rising trends in both number of sold properties and median sales price. There were 24 percent more homes sold in NYC in Q2 2012 compared to Q1 2012, while the median sales price—$485,000—also registered an 8 percent quarterly increase. A year-over-year comparison shows numbers and figures keeping steady.

Data presented in the chart refers to sold properties in Manhattan, Queens, Brooklyn, and the Bronx between April 1, 2011 and June 30, 2012. The building classes considered are: single-family and two-family homes, condo, and coop units.

Roxana Baiceanu is a writer for PropertyShark.com. Property Shark is a property search site with market data for New York City and New York state.

FOR WEB: For original article, click here:
http://www.propertyshark.com/Real-Estate-Reports/2012/07/20/chart-of-the-week-nyc-home-sales-in-q2-2012/

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