Median Price in Queens and Suffolk were still declining in double digits, but Nassau improved comparing to June last year.
Median Price on closed properties:
................ June 2009 .... June 2008
Queens ... $360,000 ... $406,500 (-11.44%)
Nassau .... $415,000 ... $452,000 (-8.19%)
Suffolk .... $330,000 ... $383,000 (-13.84%)
There were less inventory than last year. Supply dropped to below 12 first time for over a year.
....................... Inventory ............*........... Units in contract ................*....... Months Supply
................. Jun 09 ..... Jun 08 ......*... Jun 09 ..... May 09 ..... Jun 08
Queens ...... 9922 ...... 11697 .......*..... 957 ......... 772 .......... 752 ......*........ 10.4
Nassau ..... 10105 ...... 11067 .......*.... 1081 ........ 888 .......... 889 ......*......... 9.3
Suffolk ..... 12907 ...... 15332 .......*.... 1229 ........ 908 ......... 1041 ......*....... 10.5
Source: Long Island Board of Realtors
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