Realtors stay put despite weak market

Slowing housing markets statewide did not scare many Realtors out of the business, with the New York
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Slowing housing markets statewide did not scare many Realtors into retreat in 2007, keeping the New York Association of Realtors’ membership nearly flat over the year.

During a year when New York’s annual pace of single-family home sales declined 8.5 and its median sale price slipped 4.4 percent, NYSAR ended 2007 with 1.46 percent fewer members. Its membership last year fell to 65,127 from 64,177 in 2006, the Albany-based trade organization announced Tuesday at its mid-winter business meeting at the Desmond Hotel and Conference Center.

NYSAR President Linda Page said the association is strong entering 2008, though membership might dip further by March. Only nine of 59 reporting counties in New York saw sales increase in 2007 while 40 saw upticks in price. The Greater Capital Association of Realtors in Colonie last month posted a 7 percent decline in sales and a 2 percent price rise.

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