Market condition in Flushing 11354

Inventory as at 9/30/09:

10 units of 2 family - median asking price $899,000 (20 months supply)*

36 units of 1 family - median asking price $745,500 (14 months supply)*

82 units of condo - median asking price $406,000 (59 months supply)*

122 units of co-op - median asking price $210,500 (21 months supply)*

*Based on the closings in first 8 months 2009

Units closed in the 8 months period from 1/1/09 to 8/31/09:

4 units of 2 family - median selling price $900,000 (volume decreased by 76% year over year)

20 units of 1 family - median selling price $648,750 (volume decreased by 31% year over year)

11 units of condo - median selling price $350,000 (volume decreased by 62% year over year)

45 units of co-op - median selling price $182,000 (volume decreased by 51% year over year)

Units closed in the 8 months period from 1/1/08 to 8/31/08:

17 units of 2 Family - median selling price $830,000

29 units of 1 Family - median selling price $675,000

29 units of condo - median selling price $380,000

93 units of co-op - median selling price $193,000

Source: MLS of Long Island

Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area.