Median price in New York area falls

The median price for existing single-family homes in the New York-Northern New Jersey-Long Island area fell 5.3 percent to $453,400 in the second quarter from $478,800 during the same time last year, according to a second quarter report by the National Association of Realtors. Prices in the New York-Wayne-White Plains area decreased 10.8 percent compared to the second quarter last year, declining from $558,700 to $498,500. Existing condominiums and apartments in the New York-Wayne-White Plains area increased 0.1 percent to $319,700 from $319,400. TRD