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New York home sales slow in January

New York State home sales were down last month.

New York State home sales were down last month.

The city that never sleeps had a rough go of it in January home sales.

According to the New York Association of Realtors, home sales declined by about 4 percent last month compared to January 2010, but on a positive note, the number of homes sold was 18 percent higher than where it was in 2009.

Duncan MacKenzie, CEO of the New York State Association of Realtors, attributed the decline to January's reputation for being sluggish.

"January is typically a slow month for home sales in the Empire State due to seasonal weather conditions and this year's harsh winter undoubtedly affected sales," he said. "In looking at the past three years, the January 2011 sales level was typical, slightly behind last year and showing growth from 2009."

Overall, the report says New York Realtors moved about 4,479 existing single-family homes, which was down from December's total of 6,218.

For people planning on moving to the Empire State, the report says the median sales price is $227,000, which is down 1.3 percent from Janaury 2010. Still, that's well ahead of the national average median sales price, which the National Association of Realtors says is around $170,600.