NY housing sales tumble, but prices hold...

"NY housing sales tumble, but prices hold steady" "Number of sales in city, minus Staten Island, off by 40% in second quarter from a year earlier, but average price inches up and foreclosures shrivel." "Not all the news in housing is bleak. Despite a decline in the number of home sales logged in the city during the second quarter, prices remained steady and developers have more developments planned than they did one year ago, according to a new quarterly housing report released Thursday." "The good news was that prices essentially remained steady, edging up 0.8% from year-earlier levels." http://www.crainsnewyork.com/article/20110818/REAL_ESTATE/110819885/1072