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Guess which city has the 3rd highest average home sales price increase?

According to monthly statistics released by the Buffalo Niagara Association of Realtors, April's median sale price rose 6.3 percent to $144,501 and the average sale price increased 2.5 percent to $167,710.
Credit: WGRZ
Buffalo housing market

BUFFALO, N.Y. — A just-released study from online service Refi Guide — using data from Zillow research — found that since 2009, Buffalo has the nation's third highest increase in home sale prices, trailing only Newark, New Jersey (17.1 percent) and Dallas (16.9 percent).

Buffalo's average home sale price has risen 15 percent in the post-2009 recession years. Of the nation's top 100 residential markets only one other New York state city — Islip — made ReFi Guide's upper half with a 7 percent average home sale increase. Visit the Buffalo Business First website for more on this story.

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