NY’s price per square foot declines

Metropolitan New York saw a 3 percent decline in average price per square foot in April as compared to last year, according to Radar Logic’s RPX monthly housing market report, released today. The average price per square foot was up 2 percent, however, since March. The condo market had a 16.3 percent increase sales volume since March, but despite the increase, condo prices declined 0.7 percent. Of the 25 cities examined, 23 saw declines in price per square foot. TRD