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New York

Home sales drop in New York State

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Sales of existing single-family homes in New York State dropped in May from the same month last year, but the state’s median home price jumped by double digits. Sales were down 2.1 percent year-over-year in May, according to the New York State Association of Realtors, but the median sales price increased 14.1 percent during the same period to $249,000. more [Inman]