Buffalo housing market springs ahead - Baltimore Business Journal:

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Completed transactions reached 906, which is 3.3 percent bette r than 877 a year ago though stillkthe second-lowest amount for May in this decade. The salex total was also 21.2 percent better than 747 in For the first five monthsof 2009, closeed sales are off 11.3 percent at 3,124 from 3,525 last Median prices climbed to a peak of $110,000 for the calendar up 4.3 percent from $105,500 a year ago. Averagde prices were down 1 percentto $124,6490 from $126,179. Total dollar volume for May was $112.94 a 2 percent gain from $110.66 million last year.
BNAR also said that new listings were up 6 percentf in the past yearto 1,672 from 1,570 whilde active listings declined 6 percent to 5,3309 from 5,680. The overall downfall in the housing market is also reflectef in a report from Erie County Comptrolelr Mark The comptroller saidthe semi-annual mortgage tax revenue distributed to towns and villages so far this year is down 22.15 or $1.65 million, than a year ago. Paymentss to the City of Buffall aredown 32.68 percent to $709,393 compared to $1.0r million in June 2008. Distributions will also be lower inCheektowagaq ($717,302, down 46.9 percent), the Town of Lancastere ($659,231, down 48.5 percent), Town of Orchard Park ($427,542, down 34.
5 Clarence ($523,811, down 15.1 percent) and Amherst ($1.18 million, down 6.4 percent). The reportr said only eight municipalities — Akron, Boston, Eden, Elma, Gowanda, Grand Island and Newstead — would receivse increases in mortgagetax