In a recent report, it was revealed that closed sales in the real estate market experienced a significant drop, plummeting to 8,630 homes in a year-over-year comparison. This decrease of 17.4% is a direct result of soaring prices in the housing market, which have hit record highs.
Key Points:
– Closed sales in the real estate market declined to 8,630 homes
– This drop represents a significant 17.4% decrease from the previous year
– Surging housing prices have reached record highs, contributing to the decline in closed sales
For more detailed information on this topic, you can visit the original article on Weekly Real Estate News.
You can read this full article at: https://wrenews.com/new-york-state-median-home-sales-price-hits-record-high/
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
