Same market since May - 11/05/10 03:57 PM
The sales figures (under contracts) for the month of October 2010 in Nassau County continue the same trend that started when the tax credit expired April 30th.  Comparing under contracts this October versus October 2009 sales are down 30%.  There is a lot of buyer uncertainty about the market due to poor employment figures.  On Long Island affordability is challenged by relatively high property taxes.  We expect this trend to continue at least until the spring.  Sellers need to adjust their view of the market to make their home the one out of three that actually sell.  Buyers need to realize that … (0 comments)