NY'ers say housing market worse than a year ago

January 24, 2012 Updated Jan 24, 2012 at 9:42 AM EDT

By WKBW News
By Business First by Michael DeMasi, Reporter

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January 24, 2012 Updated Jan 24, 2012 at 9:42 AM EDT

When it comes to home sales, nearly half of New Yorkers surveyed say the real estate market has grown worse compared to a year ago.

The same poll conducted by the Siena Research Institute found better sentiment looking ahead.

"Residents continue to say that it is a phenomenal time to buy but a very problematic moment to sell," said Don Levy, director of the Siena Research Institute. "While a quarter expect sellers' lives to improve over the next year, nearly half predict prospects for sellers to remain about the same through 2012 as they are today."

The poll, which was commissioned by the New York State Association of Realtors, was conducted during the last three months of 2011. A total of 2,407 state residents over age 18 were surveyed by phone.

Statewide home sales declined 4 percent in 2011 compared to the year before, but the median sales price remained stable, according to NYSAR.

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