2012 housing market posts strong gains: Recovery is at hand with sales and price increases

Albany, NY – January 22, 2013 – (RealEstateRama) — The New York State housing market recovered strongly in 2012 as closed sales of existing single-family homes, condos and co-ops finished 7-percent ahead of 2011. There was a modest 1.2-percent growth in the median sales price as available inventory fell by nearly 20 percent, according to the housing market report released today by the New York State Association of REALTORS.