The median sales price increased 11.4% in May 2011 over May 2010. Driven by over 630 sales, of which 11% were distressed sales (23 short sales, 48 bank owned). Remember, these averages are not divided by quadrant or condos v. coops:
Single Family Homes, Detached
Average Sale Price: $720,609 after 70 days
Range: $43,000 – $3,275,000
Rowhomes/Townhomes
Average Sale Price: $574,336 after 80 days
Range: $58,500 – $3,575,000
1 Bedroom, 1 Bathroom Condos/Coops
Average Net Sale Price: $299,380 after 73 days
Range: $41,950 – $725,000
2 Bedroom, 2 Bathroom Condos/Coops
Average Net Sale Price: $549,262 after 92 days
Range: $90,000 – $1,995,000