Saturday, March 3, 2012

ALBANY COUNTY BUCKS NATIONAL HOME SALE TRENDS.(Business)

Byline: Elizabeth Lesly Business Writer

Albany County is bucking a national and regional real-estate trend, but in a rather unenviable way.

While sales of existing homes dipped nationally and plunged in the Northeast and in New York state, Albany County and the Capital District as a whole saw sales volume dead level with last year's first- quarter figures.

So far so good.

But while the median prices of homes rose a healthy 5.2 percent at the national level, Albany County saw a 4.3 percent decrease in average home prices in the first quarter.

According to figures released Tuesday by the National Association of Realtors, New York …

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