Chart of the Week: NYC Home Sales in Q2 2012

It looks like more New Yorkers found a new home in the second quarter of 2012. A glance at PropertyShark‘s weekly chart shows rising trends in both number of sold properties and median sales price. There were 24% more homes sold in NYC in Q2 2012 compared to Q1 2012, while the median sales price–$485,000–also registered an 8% quarterly increase.* A year-over-year comparison shows numbers and figures keeping steady.

* Data refers to sold properties in Manhattan, Queens , Brooklyn and the Bronx between April 1st, 2011 and June 30th, 2012. The building classes considered are: single – and two-family homes, condo and coop units.

Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.