STATEN ISLAND, N.Y.  (June 28, 2012) – The number of home sales on Staten Island slightly dipped during the combined months of March, April and May.

Sales for the period were down 3.5 percent as compared to the same time frame in 2011, according to the latest data released from the Staten Island Board of Realtors (SIBOR). For the year to date, homes sales were off less than 2 percent.

Sandy Krueger, CEO of the Staten Island Board of Realtors

The median sales price for the period rose 3.2 percent to $387,000.

The time to get a property into contract, however, climbed by almost 10 percent to approx. 203 days.

Some of the most recent numbers for 2012 suggest a bit of optimism when compared to the same period a year earlier.

“Looking forward, the number of properties going under contract is up 26 percent for the three months and 29 percent for 2012, which should result in increased sales further into the year,” said Sandy Krueger, CEO of SIBOR.

For a close-up look at housing indicators for the month of May, click here.

About The Staten Island Board of REALTORS® (SIBOR)

The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y.

SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.

Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.

SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.

All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).

SIBOR may be reached at 718-928-3220 and viewed online at SIBOR may also be visited on Facebook at “Staten Island Living,” on Twitter via @SIBOR, and on YouTube at the Staten Island Board of Realtors and RelevantPR channels.

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