Some Good News for Local Real Estate

Single-family home sales in the Buffalo Niagara marketplace fell year-to-year, but prices remained stable last month. In September, sales were down two percent from the same month in 2007. 963 transactions were closed this year as opposed to 985 in 2007, according to a Thursday report by the Buffalo Niagara Association of Realtors. The 2008 result is however the third-highest total for the month of September, dating back to 1996. For the first nine months of 2008, sales were off six percent, total dollar volume rose nine percent, and active listings increased five percent, while new listings have jumped nine percent in the past year.