After last month’s decline, housing prices, resumed
their upward trend, rising for the seventh
time in 8 consecutive months. Median sales price
was $395,000, up 6.2% from the same period
last year. Average sales price reflected the same
trend, rising 3.7% to $462,999 over the same
period. Year-to-date, both median sales price
and average sales price were higher than in the
same period last year. Condo price indicators
were mixed, with a median sales price decline
of 5.6% and an average sales price increase
of 5.8%, respectively over the same period. All
co-op and 1-3 family price indicators posted
increases over the same period. The luxury
market, defined as the top 10% of all sales, saw
price gains that outpaced the overall market…