Housing prices slipped from prior year levels,
largely due to the shift in mix of property types
that sold over the quarter. The sharp decline
in mortgage rates to record lows resulted in
an increase in co-op sales market share, a
lower priced property type. Median sales price
declined 5.3% to $450,000 from $475,000 in
the same period last year. Average sales price
slipped 0.8% to $565,291 from $569,799 over
the same period. Listing discount, the difference
between the list price at the time of contract and
the sales price, was 3.5% tighter than 4.8% in
the same period last year…