The median sale price of Buffalo homes increased by 7.1 percent to a monthly record high in June according to statistics from the Buffalo Niagara Association of Realtors (BNAR).
The median sale price of the homes increased to $127,500, which was the highest monthly median sale price ever. The July median sale price topped the previous monthly record of $125,000 set in July 2011 and October 2010.
The average sale price of the homes sold during June, which can be swayed by the sale of a fairly small number of very high-priced or low-priced houses, jumped by 12 percent to $157,691 from $141,309 a year before.
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