The volume of single family and 2-family improved from the same period last year. Inventory level is still high.
Inventory as at 07/16/09:
150 units of 2-family - median asking price $659,000 (2 years supplies)
79 units of 1-family - median asking price $520,000 (15 months supplies)
31 units of condo - median asking price $299,999 (5 years supplies)
20 units of co-op - median asking price $169,500 (10 years supplies)
Units closed in the first half year of 2009 - 01/01/09 to 06/30/09:
36 units of 2-family - median selleing price $512,500
31 units of 1-family - median selling price $446,000
3 units of condo - median asking price $342,500
1 units of co-op - median selling price $185,000
Units closed in the first half year of 2008 - 01/01/08 to 06/30/08:
24 units of 2-Family - median selling price $650,000
22 units of 1- Family - median selling price $472,000
8 units of condo - median asking price $337,000
8 units of co-op - median selling price $144,500
Source: MLS of Long Island
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