Median Home Prices Up Across New York

The NAR issued its latest metropolitan areas price report this week.

The most interesting finding is that in the fourth quarter of '07, 73 out of 150 metropolitan statistical areas showed increases in median existing single-family home prices from a year earlier, including 11 areas with double-digit annual gains and another 12 metros showing increases of 6 percent or more; 77 had price declines including 16 with double-digit drops.

Here are the numbers for New York State (minus NYC):

Binghamton: 15%

Buffalo-Niagara: 6.2%

Syracuse: 4.3% 

Glens Falls: 3.7%

Rochester: 2.7%

Kingston: 2.2% 

Capitol District: 1.7%

Nassau-Suffolk: .05%

Whire Plains: .02%

Elmira: -6.0%