Facts about 1st Quarter Comparison

Please find the facts about the Greater Binghamton Real Estate Market.  An Article in the Wall Street Journal depicted Binghamton as having a 14% Market Drop.  Although our median price did in drop, our average sales price and quantity of sales have INCREASED in Broome County.  

Although we did have an abundance of lower priced sales, the Median Sale Price Does NOT reflect our True Market, especially comparing ONLY the 1st Quarters.

The Media Has An Interesting Way Of Turning Good News In Bad.

1st Quarter          
Entire Board Amount Sold Gross Sales Average % Change Avg Price  
2016 389 $43,638,674 $112,182    
2017 404 $43,090,959 $106,661 95.08% DOWN 4.92%
           
City of Binghamton       % Change Avg Price  
2016 62 $4,774,117 $77,002    
2017 71 $5,809,564 $81,825 106.26% UP 6.26%
           
Broome County       % Change Avg Price  
2016 289 $30,700,624 $106,231    
2017 325 $35,087,338 $107,961 101.63% UP 1.63 %
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