Clinton County home sales strengthen, Essex County sales weaken

Clinton Countys economy has a reputation for neither booming, nor busting and that reputation seems to be holding true in the current housing market. While January through April real estate sales totals fall below the peak years of 2004-2006, the number of homes sold and their median prices appear relatively strong. Essex County sales totals and median prices are continuing to decline. According to statistics released by the New York State Association of Realtors, sales of existing single-family homes in Clinton County for the four-month period January through April 2008 increased by 11 percent, compared to the same period last year. In Essex County, sales declined by 28 percent. Clinton Countys median price of homes sold also strengthened increasing by 17 percent, while Essex Countys median sales price declined by 22 percent. Clinton County was one of only 10 New York counties in which the numbers of homes sold in April 2008 exceeded those sold in April 2007. In 58 counties, the number of existing single-family homes sold in April decreased by 14.7 percent and their median price decreased by 12.2 percent. In contrast, Clinton Countys number of homes sold increased by 60.9 percent, while its median price increased by 7.2 percent. The April sales in Essex County declined 14.3 percent, while median sales prices declined 6.1 percent. Laura Burns, executive officer of the Northern Adirondack Board of Realtors, said its very difficult to compare todays sales figures to 2004, 2005 and 2006 because those years were so strong in historical terms. Our Clinton County members of the board of directors are more upbeat, said Burns. Theyre seeing results from all the work that was done in the winter. Listings have been very strong. Burns added it takes time to reverse any sales slowdown and that trends do not turn off and on like a light switch.

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