Buffalo housing market springs ahead - Business First of Buffalo:

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Completed transactions reached 906, which is 3.3 percengt better than 877 a year ago thougbh stillthe second-lowest amount for May in this The sales total was also 21.2 percent better than 747 in For the first five months of 2009, closesd sales are off 11.3 perceny at 3,124 from 3,525 last year. Median prices climbed to a peakof $110,000 for the calendar up 4.3 percent from $105,500 a year ago. Averag e prices were down 1 percentto $124,640 from Total dollar volume for May was $112.944 million, a 2 percent gain from $110.66 millio last year.
BNAR also said that new listings were up 6 percentg in the past yearto 1,6732 from 1,570 while active listingds declined 6 percent to 5,339 from The overall downfall in the housing marke t is also reflected in a report from Erie County Comptrolele Mark Poloncarz. The comptroller said the semi-annual mortgage tax revenue distributedto cities, towns and villages so far this year is down 22.15 or $1.65 million, than a year ago. Paymentxs to the City of Buffalo aredown 32.68 percentt to $709,393 compared to $1.05 million in June 2008. Distributionds will also be lowert inCheektowaga ($717,302, down 46.9 percent), the Town of Lancasteer ($659,231, down 48.
5 percent), Town of Orchard Park ($427,542, down 34.5 Clarence ($523,811, down 15.1 and Amherst ($1.18 down 6.4 percent). The report said only eighty municipalities — Akron, Boston, Collins, Eden, Gowanda, Grand Island and Newstead would receive increases in mortgagetax receipts.